![]() ![]() Military service members and veterans are entitled to an additional 0.125% off CHFA’s interest rates. Financing options are available to current members and veterans of any branch of Military Services, the Army National Guard or the Air National Guard to help them purchase their first home. Military Mortgage OptionĬHFA extends special benefits to military families preparing for homeownership. To qualify, you must hold a valid Connecticut teaching certificate and teach in specific schools, areas or fields.Īdditionally, CHFA will increase the rate reduction to 0.25% to help recruit and retain minority teachers who either graduated from a public high school in an educational reform district or graduated from a historically Black college or university or a Hispanic-serving institution. Teachers Mortgage AssistanceĬHFA offers an additional 0.125% off its already below-market interest rate loans to help teachers become homeowners in the communities where they work. People who aren’t first-time homebuyers may still qualify for these mortgages if they purchase a home in a targeted area.īy using these programs, you’ll face no upfront mortgage insurance costs, lower monthly mortgage insurance costs, and your mortgage insurance premiums end when you reach 20% equity in your home. The HFA Advantage and HFA Preferred mortgage programs are popular with first-time homebuyers because they help save on insurance costs and benefit from CHFA's below-market interest rates. ![]() More: Get a free credit score and credit monitoring from Credit Sesame. You’ll work with a CHFA-approved lender to determine which programs you qualify for and which will meet your specific needs. The CHFA offers a wide variety of programs for qualifying first-time homebuyers in Connecticut, including everyone from veterans to residents of public housing. Compare Now Mortgages in ConnecticutĮvery year, the Connecticut Housing Finance Authority (CHFA) lends more than $500 million across the state’s 169 towns to help residents attain affordable housing. Compare quotes from over 200 insurance companies with SmartFinancial. The right homeowners insurance policy protects you, your loved ones and your home.įind the coverage you need at the most competitive rate in your area.
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