The Connecticut Housing Finance Authority, also known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was at first made in the year 1969 in an attempt to eliminate the issues regarding the shortage or inadequate supply of cost-effective housing opportunities for Connecticut's low- and moderate-income families and people.
At present , the home purchasing programs of the CHFA are constantly aimed at the realisation of its mission which is to "help lessen the dearth of affordable housing for low- and moderate-income families and people in Connecticut, and when acceptable, to push or maintain the economic development of the state through employer-assisted housing efforts."
In line with this mission, the Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers in order to provide reasonable housing occasions to vets and active duty service members of the United States Military, the National Guard, with teachers and cops who are assigned in under-served areas.
Military Homeownership Program
The Military Homeownership Programme is a housing loan program that's specifically designed for first time home purchasers who are veterans, Active Duty, or National Guard service men of the U. S. Military.
Policemen Homeownership Programme
The Policemen Homeownership Programme is a housing loan programme that's intended for cops in an attempt to give them some encouragement to purchase a place in an area where they work. Initially, the programme was solely intended for first time home purchasers, but currently it's now open to non-first time homebuyers who wish to buy a home in a concentrated area. The borrowers who are qualified to participate in this program are municipal and state coppers who are planning to get a home in a delegated area of a participating town.
Teacher's Mortgage Assistance Program
The Teacher's Mortgage Assistance Programme is housing loan program offering home loans at below-market interest rates to first time house purchasers who are public college and vocational-technical teachers. Though this program is basically for first time house buyers only, it can make an exception for non-first time homebuyers who'd like to buy a home in a targeted area. The participating towns anc cities under this programme are the following: Ansonia, Bridgeport, Danbury, East Hartford, Hartford, Meriden, New Britain, New Haven, New London, Norwalk, Norwich, Stamford, Waterbury, and Windham.
All of the programs above offer a reasonable rate of interest at 3.250%** (APR range 3.35 - 3.75%), and a long term mortgage repayment plan lasting up to 30 years with fixed IR.
At present , the home purchasing programs of the CHFA are constantly aimed at the realisation of its mission which is to "help lessen the dearth of affordable housing for low- and moderate-income families and people in Connecticut, and when acceptable, to push or maintain the economic development of the state through employer-assisted housing efforts."
In line with this mission, the Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers in order to provide reasonable housing occasions to vets and active duty service members of the United States Military, the National Guard, with teachers and cops who are assigned in under-served areas.
Military Homeownership Program
The Military Homeownership Programme is a housing loan program that's specifically designed for first time home purchasers who are veterans, Active Duty, or National Guard service men of the U. S. Military.
Policemen Homeownership Programme
The Policemen Homeownership Programme is a housing loan programme that's intended for cops in an attempt to give them some encouragement to purchase a place in an area where they work. Initially, the programme was solely intended for first time home purchasers, but currently it's now open to non-first time homebuyers who wish to buy a home in a concentrated area. The borrowers who are qualified to participate in this program are municipal and state coppers who are planning to get a home in a delegated area of a participating town.
Teacher's Mortgage Assistance Program
The Teacher's Mortgage Assistance Programme is housing loan program offering home loans at below-market interest rates to first time house purchasers who are public college and vocational-technical teachers. Though this program is basically for first time house buyers only, it can make an exception for non-first time homebuyers who'd like to buy a home in a targeted area. The participating towns anc cities under this programme are the following: Ansonia, Bridgeport, Danbury, East Hartford, Hartford, Meriden, New Britain, New Haven, New London, Norwalk, Norwich, Stamford, Waterbury, and Windham.
All of the programs above offer a reasonable rate of interest at 3.250%** (APR range 3.35 - 3.75%), and a long term mortgage repayment plan lasting up to 30 years with fixed IR.
About the Author:
Iola Bonggay is an editor at TopGovernmentGrants. She maintains one the most complete Websites offering info on administration grants and federal government programs.She also provides resources to other Websites with info on community grants and health grants.
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