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CHFA introduces HFA Preferred Mortgages

Date Posted: Tuesday, July 30, 2013
 
ROCKY HILL, Conn., (July, 24, 2013) – In response to the changing mortgage market, the Connecticut Housing Finance Authority (CHFA) is now offering “HFA Preferred” mortgages for first-time homebuyers in Connecticut.  HFA (Housing Finance Authority) Preferred mortgages have lower private mortgage insurance (PMI) premiums, saving borrowers money, but still offering the same below-market interest rate as the traditional CHFA mortgage.  CHFA’s current mortgage interest rate is 3.25 percent for a 30-year mortgage.
   


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