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.

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
  John Dineen 203.975.5081
• People's Bank
  Terence Floyd 203.338.3832
• First County Bank
  Gottrell McLellan 203.462.4344
• Newtown Savings Bank
  Laura Manz 800.461.0672
• Savings Bank of Danbury
  Al Pena 203.778.7409 (Danbury Contact)
  Michelle Grull 203.797.2639 (Danbury Contact)
  John Mosca 203.217.2468 (Waterbury Contact)
  
• Hudson City Savings Bank
  Ralph Weeks 201.967.1900
• Fairfield County Bank
  Corky Luther 203.431.7566
• Naugatuck Savings Bank
  Bob Coulombe 203.720.5363