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  1. Overview
  2. Eligibility

Connecticut Finance Housing Authority: Teachers Mortgage Assistance Program

Description

Connecticut Housing Finance Authority has also increased mortgage rate reductions to 0.250% to help recruit and retain teachers of color who meet eligibility criteria.

Website

https://www.chfa.org/homebuyers/teacher-programs/

Eligibility

Eligible Programs

n/a

Eligible Locations

Connecticut

Require Major

Any

Eligible applicants for this loan must meet all of the following requirements:

  • Applicants must be a first-time homebuyer or have not owned a home in the past three years.
  • Applicants must be employed full time or part time as Connecticut-certified public school teachers or certified regional vocational-technical teachers.
  • Applicants must purchase a home in a priority or transitional district where they are teaching.
  • Applicants must be first-time homebuyers unless they are purchasing a home in a targeted area

0% down with no asset limit requirements, can be combined with a Downpayment Assistance Program loan.

Teaching Commitment

Number of Years

Any

School Type

Any