CT CHFA Loan Rates Remain The Same For May 27th, 2010

The CT CHFA Loan Program, or "CHAFA Loan" as it is sometimes known, is operated by the Connecticut Housing Finance Authority. The CHFA loan program provides down payment assistance up to 100% of the homes purchase price to first-time homebuyers in the state of Connecticut. The price of real Estate in Connecticut, and CHFA mortgage rates continue to remain low. The opportunity to buy a home with a CHFA loan has never been better. For more information on the CHFA home loan program visit www.ChfaMortgageLoan.com , or call us directly at (800) 922-3210.

CT CHFA rates moved down .125% for the week of May 27th with the current CHFA rates at historical lows of 4.5%. The current CHFA Mortgage Rates are in effect until Thursday, June 3, 2010 :
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Homebuyer Mortgage Program

Interest rate: 4.375 % (APR range 4.475 - 4.875 %)
Term - 30 years, fixed rate

CHFA Downpayment Assistance Program (DAP)

Interest rate: 4.3755 % (APR range 4.475 - 4.875 %)term - 30 years, fixed rate

CHFA Urban Rehabilitation Homeownership (UR Home) Program

Interest rate: 4.125 % (APR range 4.225 - 4.625 %)
Term - 30 years, fixed rate

CHFA Pilot Homeownership and Downpayment Assistance Program for Manchester

Interest rate: 4.375 % (APR range 4.475 - 4.875)
Term - 30 years, fixed rate

Homeownership Program,
Home of Your Own Program,
Police Homeownership Program,
Teachers Mortgage Assistance Program, and
Military Homeownership Program

Interest rate: 4.25 % % (APR range 4.350 - 4.750 %)
Term - 30 years, fixed rate

For the latest new and information about the CHFA CT loan program you can visit us online at www.CHFAmortgageloan.com, or call (800) 922-3210.

FREQUENTLY ASKED QUESTIONS ABOUT THE CHFA MORTGAGE PROGRAM:

1. What Is The Minimum Credit Score For A CHFA Mortgage?

2. Does The CHFA Mortgage Program Require A Home Inspection?

3. Can I Buy A Condominium With A CHFA Mortgage?

4. What Is The Minimum Down Payment For A CHFA Mortgage?

5. What Is The Difference Between A Home Inspection vs. Appraisal?

6. What Properties Are Eligible For The CHFA Mortgage Program?

7. How To Get Down Payment Assistance With A CHFA Mortgage?

8. Why Does Buying A Home With A CHFA Mortgage Makes Sense?