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Category Archives: Mortgage Information

CHFA Makes Significant Changes To First Time Home Buyer Mortgage Program

The Connecticut Housing Finance Authority (CHFA) provides mortgage programs to income eligible first-time home buyers at low interest rates designed to make home ownership possible and affordable. CHFA announced on November 15, 2013, in Bulletins #58 and #59, beneficial changes to it’s family income eligibility policy and underwriting guidelines.  Beginning with loan reservations submitted to […]

Special CHFA Mortgage Program For Bank Owned, Abandoned & Short Sale Properties

The Connecticut Housing & Finance Authority (CHFA) is modifying the HERO Program to promote neighborhood stabilization by providing mortgages to eligible first time and existing home buyers who buy bank owned, abandoned or short sale: Condos in FHA approved complexes, Detached single family homes, and Detached two, three or four family properties. Although CHFA is normally […]