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SmartClose Connecticut

Helping families take the last step to close on homes they can afford, in places they love

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

HDF Requirements

Eligible borrowers must be income-qualified first time homebuyers intending to purchase a home within HDF’s service area. Please review our service area and income limits before applying

HDF defines a first-time homebuyer as someone who is buying a home for the first time, or who has not owned a home at any time in the last three years. 

Borrowers must also receive their first mortgage from one of the participating lenders listed at the bottom of this page. All borrowers will be required to complete homebuyer education and one-on-one counseling with HDF or a partner counseling agency.

If you meet these requirements, click below to start your journey!

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

HDF NMLS#840392


Approved Lenders

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
         Ion Bank 
         Liberty Bank 
         M&T Bank          
         Newtown Savings Bank 
         Norcom Mortgage
         People’s United Bank 
         Savings Bank of Danbury
         Signature Bank
         Stamford Mortgage Company 
         Thomaston Savings Bank
         Union Savings Bank 
         United Bank 
         Webster Bank 

View Program Flyer in English


Got questions? See our FAQs here

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