The SmartMove Homeownership fund enables homebuyers to purchase homes in southwestern Connecticut. For qualified borrowers, SmartMove provides low-interest (3%) 20-year second mortgages of up to 20% of the purchase price. SmartMove borrowers do not have to pay for mortgage insurance and also benefit from lower mortgage payments. Borrowers can put down as little as 1% of the purchase price towards the purchase of their home. There is a $2,000-$2,500 service fee for SmartMove borrowers. This fee is not included in the loan amount and will be added to closing costs.

Eligibility Requirements

• You must be looking to purchase a home in our Service Area.
  For a map and list of towns in our service area, click here.
• Income limits apply based on place of purchase.
  For a Service Area Map, List of Towns and Income Limits, click here.
• You must attend an HDF orientation session (to schedule an orientation, click here)
• You must attend at least 1 one-on-one counseling session with an HDF homeownership counselor.
• You must agree to attend a post-purchase counseling session or seminar once a year.
• You must be a first-time homebuyer. A first-time homebuyer is defined as someone who has not owned property in the last 3 years.

Participating Banks
In order to be approved for a SmartMove loan, you will have to get your first mortgage from one of our participating banks. You may choose any of the following banks. Please call the contact person listed below since they are familiar with the SmartMove program.

• CitiBank
  Babette Arroyo 203.975.6314
• People's Bank
  Tina Rafael 203.338.7295
• First County Bank
  Gottrell McLellan 203.462.4344
• Newtown Savings Bank
  Laura Manz 800.461.0672
• Savings Bank of Danbury
  Michelle Grull 203.797.2639 (Danbury Contact)
  John Mosca 203.217.2468 (Waterbury Contact)
  
• Hudson City Savings Bank
  Ralph Weeks 201.967.1900