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Local Connecticut Down Payment Assistance
Local Down Payment Assistance Programs
Connecticut Down Payment Assistance Local
Learn About Connecticut Down Payment Assistance
The following mortgage down payment assistance programs were developed by local Connecticut counties and municipalities. See more information about statewide Connecticut down payment assistance programs.
Fairfield
Fairfield
Fairfield offers the following Local Down Payment Assistance:
- Down Payment Assistance
- The town funds 50% of the down payment toward the purchase of a home (maximum of $30,000)
- Interest-free loan repayable upon payoff of first mortgage, sale of home or transfer of title
- Maximum loan of $2,500
- Provided as a grant and does not need to be repaid
- To qualify for down payment assistance in Connecticut, buyers are required to complete a HUD-certified first time homebuyer counseling program.
Closing Costs
Homebuyer Education
Fairfield County
Fairfield County
Local Down Payment Assistance program available in Fairfield County:
- Mutual Housing Association Down Payment Assistance
- Maximum loan of $20,000
- Total Household Income cannot exceed 80% of the Area Median Income
- Bridgeport- $62,800 for a family of 4
- Stamford/Norwalk- $89,280 for a family of 4
- Bridgeport- $62,800 for a family of 4
- To qualify, buyers are required to complete a Homebuyer Education course offered by the Mutual Housing Association (MHA).
Homebuyer Education
Hamden
Hamden
Hamden offers the following Local Down Payment Assistance:
- First-Time Homebuyer Down Payment Assistance Grant
- Maximum loan of $5,000
- 5-year declining lien, forgiven annually at 20% of the original amount
- Property must be purchased in one of the three designated target areas:
- Census Tract #1655- Highwood
- Census Tract #1656- Hamden Plains
- State Street Neighborhood Revitalization Zone
- To qualify for Connecticut down payment assistance, buyers are required to complete a pre-purchasing counseling program through the Neighborhood Services of New Haven, Inc.
Homebuyer Education
Hartford
Hartford
Hartford offers the following Local Down Payment Assistance:
- HouseHartford Program
- Offers either interest rate buy-downs, or
- Down payment loan of either 5 or 7% of the purchase price, or
- Interest-free loan of up to $3,000
- 5-year declining lien, forgiven annually at 20% of the original amount
- Total Household Income cannot exceed 80% of the Area Median Income
- Approved for use with Conventional or FHA first mortgages
- To qualify, buyers are required to complete an 8-hour Homebuyer Education class.
Homebuyer Education
New Britain
New Britain
Local Down Payment Assistance program available in New Britain:
- HOP Home Ownership Program
- Maximum loan of $1,000 per dwelling unit
- 3% interest rate
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price is $179,740 for a single family, $363,400 for a 4-unit
- Approved for use with FNMA or FHA first mortgages
- To qualify for down payment assistance in Connecticut, buyers are required to complete a homeownership education-training program with Neighborhood Housing Services (NHS).
Homebuyer Education
Stamford
Stamford
Stamford offers the following Local Down Payment Assistance:
- HOME Assistance Program
- Maximum interest-free loan of $20,000
- Repayable at the end of 30 years (or upon payoff of first mortgage, sale of home or transfer of title)
- Total household income cannot exceed 65% of the Area Median Income
- To qualify, buyers are required to attend an 8-hour HDF orientation session and complete the HDF homeownership counseling program.
Homebuyer Education
Waterbury
Waterbury
Waterbury offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum loan of $7,500
- Deferred loan is forgiven if the terms of the program are met
- Property must be foreclosed and purchased at a discount of at least 1% of the appraised value
- Buyer must contribute a minimum of 5% of the purchase price
- To qualify for Connecticut down payment assistance, buyers are required to complete a homeownership education-training program with Neighborhood Housing Services (NHS).
Homebuyer Education
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About Local Connecticut Down Payment Assistance
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Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Meridian Home Mortgage Corporation NMLS #56301. Licensed by the Virginia State Corporation Commission #MC-3680; Commonwealth of Pennsylvania Department of Banking #21605; State of Maryland #8196; Connecticut Banking Commission #11930; Delaware Bank Commissioner #7885, District of Columbia MLB56301; Florida Office of Regulation MLD172; Massachusetts Division of Banks Broker #MB56301; Kentucky MB 72686; Washington CL-56301; Oregon ML-4979; Georgia Department of Banking and Finance #33346.
Loans are arranged through third parties. We arrange but do not make loans.
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074