Downpayment Assistance Program for First Time Homebuyers in Connecticut
Page 2With this, the CHFA is offering the Downpayment Assistance program in order to help address this concern. The program can be used in conjunction several other homebuyer program offered by the CHFA.
The minimum amount of that can be provided by the program is $3,000 while the maximum is 25% of the actual price of the property in focus.
In order to qualify for the program, a borrower must satisfy the eligibility requirements set by the CHFA:
1) Must be a First time homebuyer (someone who has not occupied or owned a home for last three years
2) Must be a homebuyer (aside from first time homebuyers) who is planning to acquire a home in a targeted area
3) Must be a homebuyer whose income does not exceed the limits set by CHFA
4) Must be a homebuyer who has a good credit rating and credit history
5) Must be a homebuyers with a stable job and sufficient income that would cover long-term mortgage payments
6) Must be a homebuyer who can afford to pay the $200 program application fee
7) Must be a homebuyer who is willing to participate in a free 3-hour homebuyer education class before closing on the loan.
If you wish to read more about the Downpayment Assistance Program, you can visit the CHFA's official website, send an email to the CHFA's single family underwriting department, or contact the CHFA head office.
Downpayment Assistance Program for First Time Homebuyers in Connecticut
Back to Page 1
About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
She also maintains Websites providing resources on grants for youth programs and home improvement grants.
|
Additional Government Grants Resources
Fundraising Planning - A Vital Key to Nonprofit SuccessAs a professional grant writer and consultant, I am often amazed at how few nonprofit organizations actually have a fund development plan beyond a vague idea of applying for a few grants and sending ...
Effect of Physicochemical Properties of Ophthalmic Formulations on Ocular Bioavailability ProgramIn this capacity, the Food and Drug Administration has recently established the Effect of Physicochemical Properties of Ophthalmic Formulations on Ocular Bioavailability Program in an attempt to study the effects of various physicochemical properties of ophthalmic suspensions and emulsions on ocular bioavailability.
Ohio Heroes Program for First Time Home Buyers in the State of OhioOne of the most popular programs of the Ohio Housing Finance Agency is the Ohio Heroes Program which is exclusively intended for active military men, active reservists, veterans, firefighters, emergency medical technicians, paramedics, and several other individuals with noble professions.
Getting Started on your Government GrantMost people in the United States are either unaware of, or biased against, government grants. They feel that applying for a grant involves too much red tape, and there is the popular myth that there are always strings attached. In reality, getting government grants is easy, and there...
Finding And Applying For Government GrantsAccording to a U.S. government website, there are $400 billion in grants currently available in over 1000 different programs. Naturally with such a huge amount finding a program that you or your comp...
Early-Grade Reading Improvement Interventions ProgramIn line with this mission, the USAID has developed the Early-Grade Reading Improvement Interventions Program wherein they seek to solicit interventions that would improve the reading achievements in the early grades in Latin America and in the Caribbean region.
Program for Investment in Micro-Entrepreneurs Technical AssistanceThe Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.