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First-Time Homebuyer Program

HDF’s First-Time Homebuyer Program can help you get ready to buy your first home. We offer eligible clients: free counseling, free guidance, and low-cost down payment & closing cost assistance programs. Our process will help you develop action steps to correct credit problems, increase your savings, reduce debt, and move towards homeownership.

*A credit report fee of $14.80 per individual ($29.60 for a joint report, and $14.80 for each additional borrower) is the only required fee.

How to Apply

Step One: Complete the Program Application
Your program application will provide a full picture of your finances so that HDF counselors can assess your mortgage readiness and better counsel you. It will be collected in complete at orientation. It is not a loan application.

Step Two: Register for Orientation
This mandatory 45-min to 1-hr orientation will provide a complete explanation of the program. Registration opens two weeks in advance and closes two business days prior to the orientation date. They are held weekly in our Stamford, Bridgeport, and Danbury offices.
If you are unable to make it to one of our offices due to distance, click here, otherwise:

or call (203) 338-9035 x 16.

Step Three: Work with a Counselor
Within 10 days of orientation, a counselor will assess your file and contact you with your action plan for homeownership. In addition, the counselor will let you know which loan products you are eligible to apply for.

Who Can Apply

You must be a first-time homebuyer or have not owned a home in the last 3 years. You must fit the income limits of the county you are purchasing in.

Homebuyer Education Classes

Homebuyer Education (HBE) classes are open to anyone in the community interested in learning more about homeownership. 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.

All HDF borrowers in the First Time Homebuyer Program must complete an 8-hr Homebuyer Education Class prior to closing. Homebuyer education can be completed in person at no cost, or online for a small fee. More information below.These classes are mandatory for CHFA loan applicants under the Section 8 Housing Choice Voucher Homeownership Program and may be required for other loan programs as well.

Online HBE Class Information

In-Person 8-hr Class Schedule

HDF Loan Products

HDF offers a variety of downpayment assistance products to help low- and moderate-income households achieve first-time homeownership.

SmartMove Homeownership Program
SmartMoveCTThe SmartMove Homeownership fund enables homebuyers to purchase homes in Connecticut by providing downpayment assistance. For qualified borrowers, SmartMove provides low-interest (3%, APR = 3.42% to 4.74%) 20-year second mortgages of up to 20% of the purchase price. SmartMove borrowers do not have to pay for mortgage insurance and also benefit from lower mortgage payments. Borrowers can put down as little as 1% of the purchase price towards the purchase of their home. There is a $750-$2,500 service fee for SmartMove borrowers. This fee is not included in the loan amount and will be added to closing costs.

In order to be approved for a SmartMove loan, you will have to get your first mortgage from one of our participating banks.

Participating Banks

Live Where You Work (LWYW) Fund
Since 2006, HDF has received a tax-credit allocation from the Connecticut Housing Finance Authority (CHFA) and has used this funding to establish the Live Where You Work Fund (formerly the Workforce Housing Down-Payment Assistance Fund). The LWYW Fund provides 30-year 0% interest loans (up to $20,000) for downpayment or fees to income-eligible clients that purchase properties in the town where they work.

Live Where You Work helps clients to live where they work, and in so doing assists new homeowners by freeing up income for housing and other monthly expenses by reducing monthly personal transportation costs.

Landlord Entrepreneurship and Affordability Program (LEAP)
HDF is pleased to announce the launch of the Landlord Entrepreneurship and Affordability Program! Low and middle- income Connecticut residents can take control of their futures by going from tenants to successful owner occupants with LEAP.

First-time homebuyers can finance their homes with a 30-year, low interest rate CHFA mortgage with downpayment and closing cost assistance provided by HDF. Please check here for latest updates on the interest rate.

HDF’s LEAP is your one-stop-shop for buying a multifamily home. Get the financial counseling you need to become mortgage ready, education to prepare you for being a landlord, and special financing to purchase a multifamily home. Financing for downpayment and closing costs assistance and even energy efficiency upgrades are available, all from an organization dedicated to helping provide opportunities and access to affordable housing for over 25 years. Click here for more info.

Other Funding Available
From time-to-time, HDF receives funds from governmental agencies and other sources to administer as part of its First Time Homebuyers Program. These funding sources are available on a limited basis, and income, eligibility, and homebuyer education requirements apply.





“If not for HDF, this experience of purchasing a home would not have happened at this time. The entire process was painless and fast.”– Lauren Mihaylo, new homeowner in Newtown, CT

“Love the process! Yes I would recommend to others. :)”– S.B., new homeowner in Brookfield, CT

Contact Us

Housing Development Fund, Inc.
100 Prospect Street, Suite 100
Stamford, CT 06901-1696
P 203.969.1830
F 203.323.8958
E info@hdf-ct.org