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First-Time Buyer loans in Connecticut

Quick answer

First-time buyers in Connecticut can use FHA (3.5% down), conventional 97 (3% down), VA or USDA loans, plus programs from Connecticut Housing Finance Authority (CHFA). On a $343,200 home, 3% down is about $10,296.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

First-Time Buyer loan snapshot for Connecticut

ItemEstimate
Minimum down payment0%–3.5%
Minimum credit score580–620
Typical CT home value$343,200
3.5% down on typical home$12,012
20% down on typical home$68,640
Avg. effective property tax1.92%/yr (~$548/mo)
Income for typical home (31% rule)$119,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Connecticut programs pair with First-Time Buyer loans?

  • Time To Own: Forgivable down payment assistance for buyers in eligible areas and income ranges.
  • Down Payment Assistance Program (DAP): A low-rate second mortgage that can cover the down payment and closing costs alongside a CHFA first mortgage.

Details and current limits: Connecticut Housing Finance Authority (CHFA).

Compare first-time buyer loan options

LoanMin. downMin. creditMortgage insurance
FHA3.5%5801.75% upfront + annual MIP
Conventional 97 / HomeReady / Home Possible3%620PMI, removable
VA0%Lender-set (~580–620)None (funding fee)
USDA0%~6401% upfront + 0.35% annual

Who counts as a first-time home buyer?

Under HUD and most agency definitions, you're a first-time buyer if you haven't owned a principal residence in the last three years. Single parents and displaced homemakers who only owned with a former spouse may also qualify.

First-Time Buyer loans in Connecticut cities

First-Time Buyer in BridgeportFirst-Time Buyer in StamfordFirst-Time Buyer in New HavenFirst-Time Buyer in HartfordFirst-Time Buyer in WaterburyFirst-Time Buyer in NorwalkFirst-Time Buyer in DanburyFirst-Time Buyer in New BritainFirst-Time Buyer in West HartfordFirst-Time Buyer in BristolFirst-Time Buyer in MeridenFirst-Time Buyer in West HavenFirst-Time Buyer in East HartfordFirst-Time Buyer in MilfordFirst-Time Buyer in MiddletownFirst-Time Buyer in SheltonFirst-Time Buyer in NorwichFirst-Time Buyer in ManchesterFirst-Time Buyer in TorringtonFirst-Time Buyer in NaugatuckFirst-Time Buyer in NewingtonFirst-Time Buyer in East HavenFirst-Time Buyer in New LondonFirst-Time Buyer in WethersfieldFirst-Time Buyer in North HavenFirst-Time Buyer in AnsoniaFirst-Time Buyer in Wallingford CenterFirst-Time Buyer in WillimanticFirst-Time Buyer in GreenwichFirst-Time Buyer in OrangeFirst-Time Buyer in StorrsFirst-Time Buyer in Windsor LocksFirst-Time Buyer in DerbyFirst-Time Buyer in BethelFirst-Time Buyer in Trumbull Center

Frequently asked questions

Yes. First-Time Buyer loans are available statewide in Connecticut through approved lenders, subject to county loan limits where they apply.

Often yes. Connecticut Housing Finance Authority (CHFA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Connecticut.

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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.