Southington Connecticut Affordable Housing Programs and Resources
Connecticut is a GREAT place to live! Our state is the same size as some counties!
Local Buying Tips:
When it comes to Home Buyer Tips #1 is Financing, and most of the time, it is the average price range buyer that has the most quesitons, so in our area that is 300,000 and under, these financing tips are for you!
First Time Buyers in Connecticut have some of the best choiced for affordable financing in the US.
Connecticut Housing Finance Authority Home Buyer Guide will tell you if you qualify for Down Payment Assistance including Closing Costs. The 30 Year Fixed Rate Mortgage is one of if not the best deal around. You can chedk the latest RATES every Thursday. Not every mortgage company is able to give you a CHFA loan , so check the list of participating lenders before you apply or get pre-qualified! There is a limit on the price of the home you can purchase also and it changes in different areas of the state. Here is a download ot Sales Price Limits. There are also Income Limits.
Second Time Buyers on a Budget:
You May not be a First Time Buyer, but you still may have limited funds – FHA is a great way to purchase your next home when you are working with a tight budget. Connecticut has it’s own FHA Page
Advice: With FHA, in most cases, you can borrow the down payment from a relative, and you can ask the seller to help with closing costs! (I have a list of Closing Costs for Buyers and Sellers, just send me an email, I’d be glad to share that! rmpsalescoach@gmail.com
What Can You Afford? Affordability Calculator
Keep this in mind – there are big advantages to owning your own home! With Prices in CT still affordable, and rates still fantastic, now could really be the time to find something that fits your budget and your heart!
Still Not Convinced? Try the Rent Vs. Buy Calculator!
