Down payment assistance in Connecticut is available and not limited to first-time homebuyers! At CBC Mortgage Agency, we provide a down payment assistance programs in Connecticut to help low-to-moderate income individuals and families with their home purchase.
Connecticut Down Payment Assistance
Homebuyers in Connecticut looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender. CBC Mortgage Agency provides assistance in the form of secondary financing that may be either forgivable or repayable and up to 5% of the home sale price or the appraised value, whichever is lower.
First-Time Homebuyer Program
CBC Mortgage Agency has two program options available for first-time homebuyers in Connecticut. These programs are geared towards but are not limited to first-time homebuyers, making it easier for them to purchase homes. Down payment assistance can significantly reduce the upfront costs of buying a home, making purchasing a home a reality for those who wouldn’t have the funds necessary for a traditional 20% down payment.
The Down Payment Assistance Program Remains Funded All Year Long.
CBC Mortgage Agency isn’t at risk of running out of funds for its program.
Closing Cost Assistance
In addition to down payment assistance, CBC Mortgage Agency allows its funds to be used as closing cost assistance. This means that, you can use a portion of the financial assistance towards items such as appraisal fees, title insurance, and lender fees. Closing costs can add up quickly and can be a barrier for many homebuyers in Connecticut. This can help make the homebuying process more affordable and manageable for low-to-moderate income individuals
and families.
Contact us today for more information about down payment assistance in Connecticut!
GET STARTED HERE
By submitting this form I authorize CBC Mortgage Agency to contact me by telephone and/or mobile device (including SMS and MMS text messages) at the number provided through the use of an automatic telephone dialing system or an artificial or prerecorded voice about any application submitted, loan or account, and/or regarding products, services, or promotions available. I authorize CBC Mortgage Agency to contact me even if the telephone number provided is currently listed on a corporate, state, and/or federal Do-Not-Call list(s). I understand that I am not required to give my consent as a condition of purchasing any goods or services from CBC Mortgage Agency. I may revoke my consent at any time by contacting CBC Mortgage Agency at info@chenoafund.org. I understand that messaging and data rates may apply.
