HOME IN A DAY Event Prequalifies Local First-Time Homebuyers
DANBURY, CT – On Friday, July 18, 2014, the Housing Development Fund partnered with six local banks in an effort to bring counseling and lending services to the community. Savings Bank of Danbury, Chelsea Groton Bank, Newtown Savings Bank, Naugatuck Valley Savings and Loan, First County Bank, and Union Savings Bank set up stations at Western Connecticut State University for an all-day event designed to bring members of the community closer to homeownership. Participants were able to receive free credit reports, speak with bankers as well as HDF counselors, and, if ready, get pre-qualified for mortgage loans and HDF assistance.
Mayor Mark D. Boughton stopped by the event in support the local banks and HDF staff who came to reach out to the Danbury community. Realtors and attorneys also donated their time to meet with future homeowners. Education materials and First-Time Homebuyer orientation information were made accessible all day. And on their way out, nearly every participant reported being closer to homeownership after the event, making into a reality HDF’s goal of bringing you Home in a Day.
More information about the HDF loan products:
The SmartMove Homeownership Fund provides downpayment assistance and provides low-interest second mortgages of up to 20% of the purchase price.
The Live Where You Work Fund offers up to $20,000 loans to families that purchase a property in the town where they work. It is a 30 year 0% interest loan that enables the income-eligible recipients to reduce monthly personal transportation costs. To find out more about our products, click here.