Home loans at below-market or competitive interest rates.

The Connecticut Housing Finance Authority (CHFA) offers a variety of home loans for eligible first-time homebuyers and prior homeowners intending to purchase in areas targeted for revitalization.

CHFA home loans can provide exciting opportunities

CHFA’s Homebuyer Mortgage Programs are primarily intended to benefit first-time homebuyers that meet minimum credit, income, and employment standards. Previous homeowners may also qualify if they plan to purchase a home located in one of 18 designated areas in Connecticut targeted for revitalization (see Targeted Areas). There are also specialized lending programs for teachers, police officers and military personnel. A Farmington Bank Loan Specialist can assess if you’re eligible for a CHFA1 Loan and guide you through the application process.

  • Available as 30-year fixed-rate term.2
  • Monthly payments are manageable and predictable (notwithstanding increased property tax and insurance payments if those are rolled into your monthly mortgage payment).
  • Assistance with down payment and closing costs for those who qualify.

Contact a Farmington Bank Loan Specialist or visit the CHFA Website for more information.


1 FHA mortgage insurance protects the lender if the borrower defaults on the FHA loan. Each FHA borrower pays a mortgage insurance premium. The premiums are collected and used by the FHA to reimburse the lender should the borrower default and the lender must foreclose upon the loan/sustain a loss. This insurance enables the lender to provide loan options and benefits often not available through conventional financing.
2 Example: For a $305,250 Fixed-rate mortgage for a term of 30 years with a 3.951APR (Annual Percentage Rate) and 0 points paid, the monthly payment will be $1,526.65 payment includes principal, interest and FHA mortgage insurance, does not include PMI, taxes or other applicable escrows. Actual payment obligation will be greater). This Annual Percentage Rate (APR) listed as an example only and does not represent a guaranteed rate. Check our rate page for current rates. All loans are subject to the credit approval process.
3 A prequalification/estimate are guidelines; the estimate is not an application for credit and results do not guarantee loan approval or denial.

All home loans feature...

Local Underwriting
Competitive Rates
Flexible Terms
Simple Applications

Contact Us