bridging the affordability gap
The SmartClose program has a limited number of first come, first served loans available.
The SmartClose loan enables SmartMove loan borrowers to borrow an additional $5,000 at 0% interest to be used for closing costs!
Let us help you cross the homebuying finish line with our new affordable and sustainable loan package!
Check out our SmartClose guidelines to find out if this program will work for you!
check your eligibility
If you have a specific question about this program, please select “Residential Lending” on our contact form and we will get in touch with you via email.
A full list of HDF’s available downpayment assistance programs can be found here.
Terms and conditions
SmartClose is a 0% interest loan of $5,000 or less to be bundled with SmartMove and to be used only for closing costs. Additionally, an origination fee of $250 is added to the costs of SmartClose Connecticut borrowers. The SmartMove-SmartClose Connecticut loan package can also be combined with HDF’s other downpayment assistance programs, but you must spend down to $25,000 in liquid assets before closing, which does not include retirement savings/ 401(k).
Lender License Number ML840392
When you take advantage of SmartClose, your first mortgage needs to be provided by a bank who has chosen to participate in the program. Before applying, please check the list of lenders below to check your eligibility.
Chelsea Groton Bank
Fairfield County Bank
First County Bank
Newtown Savings Bank
People’s United Bank
Savings Bank of Danbury
Stamford Mortgage Company
Thomaston Savings Bank
Union Savings Bank