Downpayment Assistance Program for First Time Homebuyers in Connecticut
Page 2

With 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

Basic Cancer Research in Cancer Health Disparities Grant Program
The National Institutes of Health has partnered with the National Cancer Institute(NCI) in an effort to establish the Basic Cancer Research in Cancer Health Disparities Grant Program wherein both agencies seek to solicit applications from eligible investigators and researchers who are interested in conducting basic, mechanistic research concentrating on the biologic/genetic causes of cancer health disparities.

---

Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.

---

Cancer Education Grants Program
The National Cancer Institute has developed the Cancer Education Grants Program wherein it seeks to financially support innovative educational efforts that would contribute to the reduction of cancer incidences, morbidity and mortality rates; as well as the improvement of the quality of life of surviving cancer patients.

---

Educational Grants - Financing Your Education with State Assistance
The Leveraging Educational Assistance Partnership (LEAP) provides grants to States that can be used in financial assistance programs to help support eligible postsecondary students.

---

Advanced Neural Prosthetics Research and Development Program
The National Institutes of Health has formed a partnership with the National Institute of Neurological Disorders and Stroke (NINDS) and the National Institute of Biomedical Imaging and Bioengineering (NIBIB) to establish the Advanced Neural Prosthetics Research and Development Program.

---

Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.

---

Rheumatic Diseases Research Core Centers Project
The National Institutes of Health, in close cooperation with the National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS), has established a program entitled Rheumatic Diseases Research Core Centers Project wherein they intend to solicit applications for the development of Research Core Centers concentrating on rheumatic diseases.

---