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Category Archives: CHFA

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 […]

CHFA Homebuyer Mortgage Program

Each Thursday at noon, CHFA publishes the mortgage interest rate for its Homebuyer Mortgage Program for the upcoming week. CHFA interest rates are subject to change weekly but are “fixed” for the term of the mortgage once a buyer goes to contract on a property and the lender locks the interest rate (120 day rate lock). The […]

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 […]

CHFA Interest Rate is Low…

Connecticut has a wonderful first time home buyer mortgage program administered by CHFA (Connecticut Housing & Financing Authority). The CHFA program (as it is known) offers 100% financing and down payment assistance to eligible buyers. The CHFA interest rate is published once a week on Thursdays at noon. The current CHFA is 3.625%! And is .25% lower (3.475%) […]

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