Connecticut First Time Home Buyer – Down Payment Assistance
Welcome to the Connecticut first time home buyers page. On this page, you can view all of the down payment assistance programs available in Connecticut, as well as information on first time home buyer loans.
Connecticut Down Payment Assistance Programs
Below are the down payment assistance programs and grants currently being offered in Connecticut:
|Hartford Homeownership Appraisal Gap Financing (HAGF)||$200,000||(860) 588-4888|
|Hartford HouseHartford Downpayment and Closing Cost Assistance Program (HHP)||$25,000||(860) 757-9005|
|Manchester HOMEownership Program (HOP)||$25,000||(860) 647-3106|
|New Haven Livable City Initiative Down Payment/Closing Cost Loan Program (ALP)||$5,000||(203) 946-7807|
|Windsor Downpayment Assistance Program||$8,000||(860) 298-9060|
Additional Connecticut Home Buyer resources.
You can also view Nationwide Resources to see what assistance is available in other states.
If you find any information has changed for the Connecticut First Time Home Buyer page, please provide us with the updated details using our Contact Form! Your support and assistance benefits every future visitor just like you.
Connecticut First Time Home Buyer Mortgages
There are several different mortgage programs available for first time home buyers in Connecticut, but the majority of borrowers will want to consider either an FHA or conventional loan.
FHA Loans – FHA loans are a great option for first time home buyers, since the required down payment is only 3.5%, and most down payment assistance programs can be used in conjuction with a FHA loan. The minimum credit score required to be eligible for the 3.5% down payment is 580. If your credit score is between 500-579, you still may qualify for a FHA loan, but will be required to put 10% down.
Conventional Loans – Conventional loans are generally best for borrowers with good credit, however you may qualify with a credit score as low as 620. Some conventional loans only require a 3% down payment, and most down payment assistance programs can be used with a conventional loan.
USDA Loans – Are you looking to buy a rural property? You may be eligible for a no down payment home buying program offered through the USDA. To learn more about USDA loans, visit the USDA loan website.
VA Loans – Veterans and active duty members of the military may be eligible for a no down payment home buying programs. To learn more about VA loans, visit the VA loan website.
Would you like to speak with a mortgage lender that offers first time home buyer loans in Connecticut? We can connect you with a lender that can answer your mortgage and down payment assistance questions. Submit your contact information on the form on this page, and a loan specialist will contact you.
As a first time home buyer, you should be sure to check out all of the valuable information available to you in our Homebuyer Education Section! It’s a great primer for learning about your first home purchase.