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Time To Own Forgivable Down Payment Assistance

Quick answer

Time To Own Forgivable Down Payment Assistance is a Connecticut down payment assistance program from Connecticut Housing Finance Authority. It provides Loan amounts up to $25,000 as a forgivable loan. It is aimed at first-time buyers. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

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Who qualifies for Time To Own Forgivable Down Payment Assistance?

Applicants must be current Connecticut residents for the most recent three years. Non-first-time buyers may apply when purchasing in a targeted area.

DetailProgram terms
AssistanceLoan amounts up to $25,000
TypeForgivable loan
Minimum creditNot published on the program page
First-time buyerRequired
Income limitsSee official page

How does Time To Own Forgivable Down Payment Assistance work with an FHA loan?

Connecticut's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $25,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://www.chfa.org/homebuyers-homeowners/homebuyers/time-to-own-down-payment-assistance-program-loan/. Programs can pause when funds run out, so confirm availability with a participating lender.

“Loan amounts up to $25,000” — Connecticut Housing Finance Authority

← All Connecticut down payment assistance programs

Frequently asked questions

Loan amounts up to $25,000, according to Connecticut Housing Finance Authority.

It's a forgivable loan: forgiven if you meet the occupancy period, otherwise repaid.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.