The Connecticut Housing Finance Authority (CHFA) Downpayment Assistance Program (DAP) is down payment assistance of $3,000 or more in the form of a loan.

The interest rate on this loan normally will match the interest rate on the first mortgage of the borrower up to 6%. Borrowers of certain programs (such as the Homeownership Program, the Home of Your Own Loan Program, the Police Homeownership Mortgage Program, and the Section 8 Housing Choice Voucher Homeownership Program) may be eligible for a lower interest rate.

If you’re interested in DAP, you must have sufficient income to pay both your mortgage loan and your Down Payment Assistance loan, and also have to provide proof that you don’t have enough savings for a down payment. There is a $200 application fee and 3-hour long education course required. This education course is free and must be completed before the closing date.

Other programs in Connecticut:

• CHFA Downpayment Assistance Program
• Fairfield Homeownership Assistance Program
• Hamden First-Time Homebuyer Down Payment Assistance Grant
• HouseHartford Homebuyer Assistance Program

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