 |
 |
 |
|
Where are your offices located?
In Stamford and Danbury. Click on Contact
Us to find out how to get to one of our locations.
How do I apply for your First-Time
Homebuyer Program?
As a first step, you must attend an HDF orientation session
(to schedule an orientation, click
here)
How do I know if I am a first-time
homebuyer?
If you have not owned a home at any time over the last 3 years,
you are considered a first-time homebuyer.
Where
can I purchase my home in order to be eligible for the First
Time Homebuyer Program?
You can purchase a home anywhere in our Service Area. For a
map and list of towns included in our Service
Area, click here.
What
banks can I go to for my mortgage in order to be eligible for
a Smart Move second mortgage?
You must use one of our participating banks for your first
mortgage in order to apply to the SmartMove Homeownership
Fund. These
banks are CitiBank, People's Bank, First County Bank, Newtown
Savings Bank, and Savings Bank of Danbury. Click SmartMove to
see contact information for each bank.
What
if I am recently divorced and my spouse has taken over ownership
of the property?
If you have realized any proceeds from the sale of the property,
you are not eligible for downpayment assistance. If you are
to remain on the title of the house, you are not eligible for
downpayment assistance.
Can
I apply for more than one loan product?
Yes. Your homeownership counselor will help you determine which
programs you are eligible for.
Will
I have to make monthly payments on my SmartMove loan?
Yes. You will have to make monthly payments on your SmartMove
loan in addition to the monthly payments you will have to make
on your bank mortgage.
Will
I have to make monthly payments on my Homebuyer Assistance (HBA)
loan?
No. Your HBA downpayment and closing costs assistance loan is
interest free with no monthly payments. The loan must be repaid
on sale, transfer of title, or pay-off of first mortgage, whichever
occurs first.
What
is a Below Market Rate (BMR) Unit?
HDF works with developers who have committed to offering a percentage
of new market-rate units to first-time homebuyers at below market
rate (BMR) prices. HDF identifies qualified buyers for these
BMR units. For a list of our current BMR offerings, click Below
Market Rate.
What
is Homeward Bound?
Through counseling, advocacy and financial assistance, HDF helps
residents of public or assisted-housing become homeowners. To
find out about opportunities for public housing residents, click
Other Funding Available. |
|
|
|
