Chfa down payment assistance program

    • [PDF File]SECTION 8 DOWNPAYMENT ASSISTANCE PROGRAM - CHFA

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      All CHFA Downpayment Assistance Program loans (DAP) must be closed in the name of the Connecticut Housing Finance Authority, 999 West Street, Rocky Hill, CT, 06067. Loans closed in the name of the Connecticut Housing Finance Authority do not require an assignment. 6. Prepayment Penalty There is no prepayment penalty. 7. Late Charge

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    • [PDF File]Connecticut Housing Program Inventory

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      Demonstration Program. Downpayment Assistance Program N/A (Revolving loan, self-funded) CGS § 8-241 NO This program provides down payment and closing cost assistance depending on need to potential CHFA homebuyers. The program is funded through a revolving loan fund and is available statewide. Emergency Mortgage Assistance Program (EMAP)

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    • [PDF File]Homeownership Assistance Programs and Resources Rev. 12 …

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      Program: HouseHartford Homebuyer Assistance Program Description: A HUD funded program that offers down payment assistance for low/moderate income families purchasing 1‐4 family homes and condominiums in Hartford. Homebuyers may qualify for up to 20% of the purchase price of down payment assistance.

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    • [PDF File]DOWNPAYMENT ASSISTANCE PROGRAM (DAP) - CHFA

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      Feb 08, 2021 · The undersigned has reviewed this application for a CHFA Downpayment Assistance Program Loan pursuant to the CHFA DAP Program Manual. It is our finding that the application meets all of the underwriting and eligibility criteria, and we recommend a loan for down payment and closing cost assistance in the amount of $_____ be approved.

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    • [PDF File]AN ACT CONCERNING THE DOWN PAYMENT ASSISTANCE …

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      AN ACT CONCERNING THE DOWN PAYMENT ASSISTANCE PROGRAM AND AFFORDABILITY INCENTIVE ZONES. SUMMARY This bill (1) requires the Connecticut Housing Finance Authority (CHFA), by October 1, 2021, to establish certain guidelines for issuing loans under its homeownership loan program (also called the

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    • [PDF File]House of Representatives

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      The bill makes changes to the down payment assistance program (DAP), administered by the Connecticut Housing Finance Authority (CHFA) in conjunction with its first-time homebuyer mortgage loans, which may result in greater DAP costs.1 The program is administered as a revolving loan fund but has required state bond funds to recapitalize

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    • [PDF File]Homebuyer Assistance Program - DCHFA

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      Employer Assisted Housing Program The Employer-Assisted Housing Program (EAHP) provides assistance to District government employees who are first-time homebuyers in the District. Eligible employees can receive matching down payment funds up to $5,000 and a deferred loan of up to $20,000. EAHP also provides additional assistance to

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    • [PDF File]chfa down payment assistance second mortgage loan

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      chfa down payment assistance 0% second mortgage Maximum amount of up to 4% of the total first mortgage loan amount Whole dollar loan amount only, round down DPA calculation Example: 4% of a $225,895.00 total first mortgage loan amount = $9,035.80. Drop the cents or round down to get a maximum second mortgage loan amount of $9,035.00 Second mortgage loan amount may be less …

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    • [PDF File]chfa down payment assistance grant

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      chfa down payment assistance grant - continued Lender must fund grant at closing CHFA will reimburse at purchase of first mortgage loan Grant must be indicated on the Loan Estimate as a credit Grant must be indicated on Closing Disclosure as “CHFA DPA Grant” DPA Grant Award Letter issued at time of approval to be sent to closing FHA loans - CHFA Form 501, Down Payment Assistance Award

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    • [PDF File]may provide

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      families. In fact, through the FHA program, more than 60,000 families become homeowners each year with the help of the down payment assistance provided by state and local housing finance agencies. Our communities can also benefit from down payment assistance. Down payment assistance programs

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