First-Time Homebuyers
HDF’s First-Time Homebuyers Program can help you get ready to buy your first home with our following services: FREE Mortgage Readiness Assessment, One-on-One Counseling, Financial Coaching Services, and Homebuyer Education Classes.* Our process will help you develop action steps to correct credit problems, increase your savings, reduce debt, and move towards homeownership.
Our First-time homebuyer counseling process begins with a 30-minute orientation session. Orientations are offered seven times a week in three locations (in both English and Spanish). At orientation, a counselor gathers the documentation needed to assess a client’s mortgage-readiness and provides an overview of the FTHB program, loan products, and what to expect along the route to homeownership. If you are a resident of Litchfield County, click here.
REQUIREMENTS: To be considered a “first-time homebuyer” and eligible for our program, you should not have owned a home at any time over the last 3 years. You must also be income-eligible and plan on purchasing in HDF’s service area – please check our Service Map for details.
DOWNLOAD PRE-APPLICATION FOR HDF SERVICES:
Once completed, click here to request an Orientation Session, or call (203) 969-1830 x14 to leave your name and daytime phone number – we will return your call shortly.
If you are a Litchfield County resident, please call (203) 798-6527.
HDF also offers a variety of downpayment assistance products to help low- and moderate-income households achieve first-time homeownership.
*A credit report fee of $16.50 for one person and $18.00 for a joint report is the only required fee.
8-Hour Homebuyer Education Classes
Some programs require applicants to attend an 8-hour in-depth class as part of their loan application. The 8-hour class is, however, open to anyone in the community interested in learning more about homeownership as long as they pre-register (see below). Whether you have already applied for a mortgage or are just beginning to consider your options, 8-hour homebuyer classes provides in-depth instruction on the steps towards homeownership to anyone interested in buying their first home.
These classes are mandatory for CHFA loan applicants under the Section 8 Housing Choice Voucher Homeownership Program.
Upcoming classes include:
- Saturdays 6/16 AND 6/23/12 (Two 4-Hour Sessions)
8-hour class presented in two sessions, Saturdays 6/16 & 6/23/12 from 10am – 2pm in our Bridgeport office.
You must be registered to attend. Call Melvina Peters at 203-969-1830 x15 to register for this class.
