The HouseHartford Homebuyer Assistance Program was created in an effort to increase homeownership opportunities in the City of Hartford. It offers low and moderate-income homebuyers  down payment assistance up to a maximum of $40,000.

FHA Mortgage Loan Rates

December 14, 2018
FHA Rates for December 14, 2018
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

Prequalify Now!

Compare mortgage rates for your refinance or home purchase loan.

CHOOSE A LOAN TYPE

then
get
your

FREE CREDIT SCORE

Do you know what's on
your credit report?
FHA.com is a private company, is not a government agency, and does not make loans.

HouseHartford Homebuyer Assistance Program

Financial Assistance for Homebuyers in Connecticut

The HouseHartford Homebuyer Assistance Program was created in an effort to increase homeownership opportunities in the City of Hartford. Funded by HUD’s HOME Investment Partnerships (HOME) Program, HouseHartford helps individuals achieve their dreams of homeownership by offering low and moderate-income homebuyers with down payment assistance.

Available Assistance
The HouseHartford Homebuyer Assistance Program provides assistance funds in the form of a second mortgage. Income-eligible applicants can receive up to 20 percent of the total price in down payment assistance, with a maximum of $40,000. The loan is forgiven over a 5 to 15-year period, just as long as the property serves as the applicant’s primary residence.

Eligibility Requirements
In order to be considered eligible for the HouseHartford Program, applicants must meet certain requirements. The program is meant for families falling in the low and moderate-income brackets; any individual with an annual household income higher than 80 percent of the Hartford area median income (AMI) cannot qualify for assistance (limits shown below). They are also required to make a minimum contribution from their own funds, depending on their income range; those at or under 50 percent of the AMI must contribute at least $1,000, and $2,000 for those between 50 and 80 percent of the AMI.

Homebuyer Education
Applicants are responsible for completing an 8-hour homebuyer education class prior to closing. 

Income Limits
Household income is defined as all income received by household members (18 years or older) who will be living in the home, even if they are not on the mortgage.

1 person household: $47,600
2 person household: $54,400
3 person household: $61,200
4 person household: $68,000
5 person household: $73,450
6 person household: $78,900
7 person household: $84,350
8 person household: $89,800

(Note: These figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.)

Down Payment Grants in Connecticut

The Connecticut Housing Finance Authority (CHFA) offers a Down Payment Assistance Program (DAP) with low interest rates to homebuyers who are eligible for a CHFA first mortgage. This assistance is provided in the form of a supplementary loan with below-market interest rates.

The Town of Fairfield in Connecticut offers a federally funded Homeownership Assistance Program to help income-eligible, first-time homebuyers who don’t have the funds needed to cover the down payment or closing costs on a home.

Hamden’s Office of Housing and Neighborhood Development offers eligible applicants a First-Time Homebuyer Down Payment Assistance Grant. Under this program, qualified individuals receive up to $5,000 in matching funds in down payment assistance.

The HouseHartford Homebuyer Assistance Program was created in an effort to increase homeownership opportunities in the City of Hartford. It offers low and moderate-income homebuyers  down payment assistance up to a maximum of $40,000.

The Housing Development Fund and the Connecticut Department of Housing recognize that though many individuals can afford monthly mortgage payments, they don’t have down payment funds available. To help with this issue, they initiated the Statewide Downpayment Assistance Program.

FREE CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!