Connecticut Financing

State:
Multi-State
Control #:
US-TC05082D
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This is a financing agreement addendum to the software/services master agreement order form. It includes terms on interest and prepayments.

How to fill out Financing?

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FAQ

The credit score that is needed to buy a house in Connecticut will vary depending on the type of home loan you use and your individual lender. However, most lenders will require that you have at least a 580 credit score in order to qualify for any type of loan in CT.

CT Financial Services Inc. is a financial services holding company. The Company provides personal banking, trust, investment, and insurance services. CT operates through offices in Canada, the Caribbean, and Europe.

The Time To Own loan offers eligible applicants up to 20% for down payment and up to 5% for closing costs. However, the loan amounts are capped at $50,000 for homes located in ?high-opportunity areas? and $25,000 in other areas. See the program's map to determine what you qualify for.

Additionally, CHFA establishes standard income limits applicable to many of its homebuyer programs. The income limits vary by municipality and household size, ranging from $86,300 for a one or two person household to $170,800 for a household of three or more.

HFA Advantage and HFA Preferred loans These two programs are popular with first-time homebuyers in Connecticut because they come with below-market interest rates, no upfront mortgage costs and lower mortgage insurance costs if you're making a down payment less than 20 percent.

Eligibility Requirements Applicants must be a current resident of Connecticut and able to demonstrate residency for the most recent three (3) years. Applicants who are not first - time homebuyers may also apply if they plan to purchase in a targeted area of the state.

Financing to cover up to 20% down payment and up to 5% closing costs. Loan amounts up to $50,000 for homes located in High or Very High Opportunity Areas. Loan amounts up to $25,000 for homes located in areas other than High or Very High Opportunity Areas.

Biden's Down Payment Toward Equity Act is a down payment grant that offers a pathway to homeownership for first-generation home buyers. If the bill becomes law, qualified home buyers could receive up to $25,000 in grant funding for their home purchase.

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Connecticut Financing