SmartMove helps first time homebuyers in Connecticut purchase homes by providing a low-interest loan that can be used for downpayment. This allows you to put down as little as 1% of the purchase price towards the purchase of their home, avoid mortgage insurance, and benefit from lower mortgage payments.
SmartMove is a 3% (APR = 3.42% to 4.74%) second mortgage for up 20% of the purchase price. There is a $750-$2,500 service fee for SmartMove borrowers which is added to closing costs. SmartMove loans can be combined with HDF’s other downpayment assistance programs to increase your downpayment and cover closing costs. HDF NMLS#840392.
SmartMove borrowers should be income-eligible, fall within our income guidelines, purchase within HDF’s service area, and complete first-time homebuyer counseling and education with HDF or one of our partner counseling agencies.
Approved First Mortgage Lenders
When you take advantage of SmartMove, your first mortgage needs to be provided by a bank who has chosen to participate in SmartMove.
Participating First Mortgage Lenders
Printable materials about this downpayment opportunity.