Assistance program · Connecticut
Time To Own - Forgivable Down Payment Assistance
Connecticut state agency loan of up to $25,000, with no interest or monthly payments, for the down payment and closing costs, forgiven 10% each year over ten years; it goes with a CHFA mortgage
At a glance
- Most it gives, per the source
- Up to $25,000
- What its page says; your amount depends on the price and the loan.
- Kind of help
- Forgivable
- Second loan forgiven if you stay in the home
- First-time buyer?
- Yes
- First-time buyers only
- Checked
- November 5, 2026
- Against the program's official page.
Type of help
What it is
- Second loan forgiven if you stay in the home
What it gives
Up to $25,000
Source text
0% Interest rate with no monthly payment required. … Ten percent (10%) of the principal balance will be forgiven annually, on the anniversary date of the loan closing, until the loan is fully forgiven on the tenth anniversary. … Financing to cover up to 20% down payment and up to 5% closing costs. … Loan amounts up to $25,000. … The minimum Time To Own loan amount is $3,000. A summary of what the program publishes; not a loan offer or advice. Amounts, limits and funding change without notice.
At a glance
Who qualifies
Each answer comes from the program's page. "Not stated — ask" means its page doesn't make it clear: ask before you apply.
Source text
The Time To Own loan is only available to eligible applicants that qualify for and receive a CHFA first mortgage. … Applicants must be a current resident of Connecticut and able to demonstrate residency for the most recent three (3) years. … Applicants who are not first - time homebuyers may also apply if they plan to purchase in a targeted area of the state. Borrowers may not own any other property at the time of the CHFA mortgage closing. … For a limited time, CHFA will offer the Time To Own - Forgivable Down Payment Assistance loan - First-time buyers only Yes
- Homebuyer course required Not stated — ask
- Minimum credit score Not stated — ask
- Income limit Per the program table (by county and household size)
- Price limit Per the program table
- Mortgages it works with Not stated — ask
- Immigration requirement Not stated — ask
- Accepts ITIN? Not stated — ask
- Spanish materials Not stated — ask
- Program status The source does not say whether it is open — ask
- Where it applies All of Connecticut
What its page says about being open
Its page does not say whether the program is open or has funds. Ask the lender or the agency before counting on it. Read on the official page on November 5, 2026.
Your area in numbers
What buying costs in Connecticut
The program covers all of Connecticut. The first column is Connecticut's figure; the second runs from the lowest to the highest among its counties. Limits change by county: check yours.
The program sets its maximum price in a table. Compare it with the typical home value in Connecticut: $366,900.
The typical home value ($366,900) fits within Connecticut's FHA limit ($541,287).
The program sets its income limit in its own table. For reference, HUD's low-income limit for 4 people in Connecticut is $100,000.
| Figure | Connecticut | Lowest to highest | Source |
|---|---|---|---|
| Typical home value | $366,900 | $307,600 (Northeastern Connecticut Planning Region) to $652,900 (Western Connecticut Planning Region) | U.S. Census Bureau |
| FHA limit (one-unit home) | $541,287 | $541,287 (Capitol Planning Region) to $977,500 (Western Connecticut Planning Region) | HUD |
| Conforming limit (one-unit home) | $832,750 | $832,750 (Capitol Planning Region) to $977,500 (Western Connecticut Planning Region) | FHFA |
| HUD low income (80%), household of 4 | $100,000 | $99,600 (Naugatuck Valley Planning Region) to $117,100 (Western Connecticut Planning Region) | HUD |
Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024) · FHA mortgage limits (HUD) (2026 data) · Conforming loan limits (FHFA) (2026 data) · Income Limits (HUD) (Fiscal year 2026)
Step by step
How to use it, step by step
Each step comes from what the program's page says. What its page leaves out is further down, in the questions.
Find a participating lender-
Ask first whether it is open
Its page does not say whether it is open or still has funds. That is the first thing to ask.
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Confirm you count as a first-time buyer
The program requires it. Read on its page how it defines "first-time buyer" and whether there are exceptions.
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Find your county in the income table
The limit changes with the county and the number of people in your household. Count the income of everyone the program asks you to add.
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Check your county's maximum price
The program sets a maximum price per county in its table.
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Find a participating lender: state programs do not take applications directly; the lender reserves the assistance while processing your mortgage.
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Compare the total cost before you sign
Ask about the total cost. The mortgage with assistance may carry a higher rate than without it, and some programs charge for the course or a fee.
Before you call
What to ask
Its page leaves 7 points unclear. Write them down for when you talk to Connecticut Housing Finance Authority (CHFA), on behalf of the CT Department of Housing.
What its page does not say
- Is it open now, and does it still have funds?
- Do you require a homebuyer course? Which ones do you accept, and what do they cost?
- What minimum credit score do you require?
- Which mortgage types does it work with: FHA, VA, USDA or conventional?
- Which immigration status or residency documents do you ask for?
- Do you accept an ITIN?
- Do you have materials or staff in Spanish?
Worth asking for this kind of help
- After how many years is the loan forgiven, and what happens if I sell or refinance before then?
Against the others
How it compares with Connecticut's other programs
The 3 programs we checked in Connecticut, with the same fields from their official pages. "Doesn't say" means its page does not make it clear.
It is the only one of Connecticut's 3 programs that requires being a first-time buyer. It is one of 3 out of 3 that publish an amount with the figure in their own wording. It is the only program in Connecticut on our list with "forgivable" help.
Swipe the table to see every column.
| Program | Kind of help | Published amount | First-time buyers only | Course required | Accepts ITIN | Where it applies |
|---|---|---|---|---|---|---|
| Time To Own - Forgivable Down Payment Assistancethis program | Forgivable | Up to $25,000 | Yes | Doesn't say | Doesn't say | Statewide |
| Downpayment Assistance Program (DAP) Loan | Repayable | Up to $15,000 | Doesn't say | Yes | Doesn't say | Statewide |
| Next Move with Deferred Down Payment Assistance Program | Deferred | Up to 3.5% of the loan | No | Doesn't say | Doesn't say | Statewide |
Sources
How we checked this program
We read the program's official pages on November 5, 2026 and copied their text as it appears on them. We add no amounts or requirements those pages do not state, and a program is listed as open or closed only when its page says so.
We check every program again. If more than 180 days pass without a check, the page says so.
Get free help applying
A HUD-approved housing counselor explains the program's requirements, goes over your numbers and tells you what to ask the lender. They do not sell loans.
Find a counselor (HUD)Read before you apply
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Help and programs
Down payment assistance: how it works
What down payment assistance is, the types that exist (grant, forgivable or deferred second loan, tax credit), who qualifies and where to find it.
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Help and programs
HUD housing counselors: what they do and what they cost
What a HUD-approved housing counselor does, what they help with (buying, renting, missed payments, credit), what they may charge and how to find one.
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Help and programs
Public charge and housing: what the rules say
Public charge: which housing help DHS may consider, who is exempt, how HUD prorates assistance for mixed-status families and where to get free advice.
Your county
Price and income limits depend on the county. Your county page has the typical value, the FHA limit and the counseling agencies that can walk you through the application.