The Connecticut Housing Finance Authority offers home loans at below-market and competitive interest rates to eligible homebuyers through its various Homebuyer Mortgage Programs. Homebuyers must apply through one of our CHFA- Participating Lenders.
If you're purchasing a home located in a federally Targeted Area of the state, you will receive an additional 0.250% discount on the CHFA published interest rate. Borrowers cannot combine the Targeted Area discount with any other discount rate. You can view all Targeted Area locations by visiting the CHFA Resource Map.
Smart Rate interest rate reduction of 1.125% on published Government or Conventional loan rate for eligible applicants with unpaid student debt balance(s) of at least $15,000.00. You may not combine discounts.
| Program | Government Insured | Non-Government Insured | Origination Fee | Annual Percentage Rate Range |
|---|
| N/A | 5.000 | 0.0 | 5.100% - 5.500% |
| | Note: Interest rate= (i.) First mortgage rate in effect -OR- (ii.) 5.00% (5.10% -5.50%); whichever is less. Up to a $600 Application Fee payable to the Lender and up to $200 Settlement Agent Fee. Additional fees may apply. |
| N/A | 0.000 | N/A | N/A |
| | Note: 0% interest and no monthly payments. Ten Percent of the principal balance forgiven annually, on the anniversary date of the loan closing, until the loan is fully forgiven on the 10th anniversary. See (DAP) above for applicable fees. |
| N/A | 6.875 | 0.0 | 6.975% - 7.375% |
| N/A | 6.875 | 0.0 | 6.975% - 7.375% |
| 6.500 | N/A | 0.0 | 6.600% - 7.000% |
| 6.500 | N/A | 1.5 | 6.600% - 7.000% |
| | Note: Additional fees may apply to the FHA 203(k) Rehabilitation Programs. |
| 6.375 | 6.750 | 0.0 | 6.475% - 7.250% |
| 6.375 | 6.750 | 0.0 | 6.475% - 7.250% |
| 6.375 | 6.750 | 0.0 | 6.475% - 7.250% |
| 6.375 | 6.750 | 0.0 | 6.475% - 7.250% |
| 6.375 | 6.750 | 0.0 | 6.475% - 7.250% |
| N/A | 6.875 | 0.0 | 6.975% - 7.375% |
| N/A | 1.000 | 0.0 | 1.100% - 1.500% |
Please scroll down on the right for additional Mortgage Program Interest Rates.