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%) if the buyer purchases a home or condo in a targeted area. What a great time to buy a home or condo at a historically low interest rate!