On April 18th of this year, I wrote a blog "Connecticut Housing Finance Authority (CHFA) CT Families New Refinance Program" on a new Connecticut Housing Finance Authority (CHFA) program called CT Families. 

On July 10th Governor Rell signed a bill which expands the eligibility for the CT FAMLIES program. The new legislation now allows for delinquent homeowners with any type of mortgage (fixed rate mortgages, adjustable rate mortgages, interest only mortgages, etc) to be eligible to refinance under this program. Previously, only delinquent homeowners with Adjustable Rate Mortgages were eligible.

This should provide additional help to families who have fallen behind on their mortgages to be able to refinance into what many times will be a below market interest rate.

Please note that all other guidelines for the CT FAMLIES Program remain the same. Follow the link to get the details on this program "Connecticut Housing Finance Authority (CHFA) CT Families New Refinance Program."

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com