Connecticut Home Buyer
1% Down Payment Assistance Program
About Connecticut’s Home Buyer Solution Gift Program
- The program is available exclusively through The Lending Company.
- Up to 2.5% of the purchase price can be gifted to homebuyers to use as a down payment.
- FHA 30 year first mortgage.
- Sellers are encouraged to contribute up to 3% towards closing costs.
- Not limited to first time home buyers.
- Not limited to foreclosures or vacant properties.
- Multi-family (1 to 4) homes or condos are eligible.
- Homes or condos must be HUD approved and owner-occupied.
- Competitive interest rates.
- Flexible loan approval guidelines.
- Available statewide in Connecticut.
- Minimum 640 credit score required.
- Non-occupant co-borrowers allowed.
- No prepayment penalties.
- Requires home buyer education completion.
- There may be income limits. Ask your loan officer.
For more information on the Connecticut’s Home Buyer Solution Gift Program, please fill out the form below: