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CHFA Mortgage Rates In CT Move Down!

By
Mortgage and Lending with MBC Interactive

The CT CHFA Loan Program, or "CHAFA Loan" as it is sometimes known, is operated by the Connecticut Housing Finance Authority. The CHFA loan program provides down payment assistance up to 100% of the homes purchase price to first-time homebuyers in the state of Connecticut. The price of real Estate in Connecticut, and CHFA mortgage rates continue to remain low. The opportunity to buy a home with a CHFA loan has never been better. For more information on the CHFA home loan program visit www.ChfaMortgageLoan.com , or call us directly at (800) 922-3210.  

CT CHFA rates moved down .125% for the week of May 20th with the current CHFA rates at historical lows of 4.5%. The current CHFA Mortgage Rates are in effect until Thursday, May 27, 2010 :
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Homebuyer Mortgage Program

Interest rate:  4.375 % (APR range 4.475 - 4.875 %)
Term - 30 years, fixed rate

CHFA Downpayment Assistance Program (DAP)
   
Interest rate:  4.3755 % (APR range 4.475 - 4.875 %)term - 30 years, fixed rate

CHFA Urban Rehabilitation Homeownership (UR Home) Program

Interest rate:  4.125 % (APR range 4.225 - 4.625 %)
Term - 30 years, fixed rate 

CHFA Pilot Homeownership and Downpayment Assistance Program for Manchester

Interest rate:  4.375 % (APR range 4.475 - 4.875)
Term - 30 years, fixed rate 

Homeownership Program,
Home of Your Own Program,
Police Homeownership Program,
Teachers Mortgage Assistance Program, and
Military Homeownership Program

Interest rate:  4.25 % % (APR range 4.350 - 4.750 %) 
Term - 30 years, fixed rate

For the latest new and information about the CHFA CT loan program you can visit us online at www.CHFAmortgageloan.com, or call (800) 922-3210.

 

FREQUENTLY ASKED QUESTIONS ABOUT THE CHFA MORTGAGE PROGRAM:

1. What Is The Minimum Credit Score For A CHFA Mortgage?

2. Does The CHFA Mortgage Program Require A Home Inspection?

3. Can I Buy A Condominium With A CHFA Mortgage?

4. What Is The Minimum Down Payment For A CHFA Mortgage?

5. What Is The Difference Between A Home Inspection vs. Appraisal?

6. What Properties Are Eligible For The CHFA Mortgage Program?

7. How To Get Down Payment Assistance With A CHFA Mortgage?

8. Why Does Buying A Home With A CHFA Mortgage Makes Sense?

 

Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

I do some CHFA loans with our Norwalk Home Ownership families - very nice post!

May 20, 2010 07:55 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Don, rates at all time lows, homes so competitively priced and the home buyers are not running around the way they were 2 weeks ago. Not a pretty picture.

May 20, 2010 08:42 AM