CHFA Down Payment Assistance Loan

Connecticut Housing Finance Authority

Available Down Payment

About This Program

CHFA offers down payment and closing cost assistance loans to first-time homebuyers in Derby purchasing homes up to $406,000. The loan is a zero-interest, deferred second mortgage that is forgiven after 15 years of homeownership.

Zero-interest loan forgiven after 15 years of homeownership

Key Details

  • Up to $25,000 for down payment and closing costs
  • Zero-interest, deferred second mortgage
  • Forgiven after 15 years of homeownership
  • First-time homebuyers with income limits
  • Home price limit $406,000 in Derby

How to Apply

Get free help applying Visit Official Program Page Track this program

(860) 571-3502

A grant-savvy contractor in Derby, CT can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program, subject to funding availability

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