Connecticut Down Payment Assistance
Connecticut Down Payment Assistance Programs
A guide to current down payment assistance options in Connecticut, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Connecticut homebuyers.
Connecticut Housing Finance Agency
Connecticut Housing Finance Authority (CHFA)
CHFA administers the primary DPA programs for Connecticut. Program details below are current as of October 17, 2026 - confirm current terms directly with CHFA before applying.
Statewide DPA Programs in Connecticut
CHFA Down Payment Assistance Program (DAP)
CHFA
Second mortgage of 4% of the lesser of sales price or appraised value, from $3,000 up to $15,000 and no more than the minimum required down payment. Rate is the lesser of the CHFA first mortgage rate or 5.00%.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Homebuyer education required
Requires a CHFA first mortgage. Savings above $10,000 must be applied toward the down payment.
Source: www.chfa.org
Time To Own Forgivable Down Payment Assistance
CHFA (administered with Connecticut Department of Housing)
Up to 20% of the purchase price for down payment plus up to 5% for closing costs, from $3,000 up to $25,000; 0% interest, no monthly payments.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Homebuyer education required
Forgiven at 10% per year over 10 years. Applicant must be a current Connecticut resident for the most recent three years and may not own other property at closing. Repeat buyers may apply when purchasing in a targeted area. Funded for a limited time by state bond authorizations; check CHFA for remaining funds. Must be paired with a CHFA first mortgage.
Source: www.chfa.org
Next Move with Deferred DPA
CHFA
Deferred down payment assistance of up to 3.5% of the first mortgage amount at 0% interest, for down payment and/or closing costs, paired with a 30-year fixed first mortgage.
- First-time homebuyer: Not required
- Primary residence only
- Minimum FICO: 620
- Income: Qualifying income up to 120% of area median income.
- Homebuyer education required
Open to first-time and repeat buyers; no maximum sales price. One- to four-unit homes, condos, and PUDs. Homebuyer education required for first-time buyers. No non-occupant co-borrowers.
Source: www.chfa.org
Connecticut Notes for Homebuyers
- Connecticut is an attorney-closing state; a licensed Connecticut attorney typically conducts the closing.
- State conveyance tax applies on most residential sales in addition to municipal conveyance tax.
2026 Loan Limits in Connecticut
Conforming (Conventional)
$832,750 baseline
Some Connecticut counties qualify as high-cost, with limits up to $1,249,125.
FHA
$541,287
Standard FHA limit. Select high-cost Connecticut counties allow more, up to $1,249,125.
Live DPA Pricing for Connecticut
Pricing below is sourced live from hundreds of wholesale lenders for a Connecticut scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Connecticut with live pricing
Rate Direct pairs down payment assistance with live first-lien pricing so you see the combined monthly payment up front.