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First Time Homebuyers

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Thinking about buying a home? First time homebuyer education and downpayment assistance loans from HDF can help you buy your first home affordably. We are there every step of the way to ensure your homebuying process is successful and that you purchase a home you can afford.

If you are interested in any or all of HDF’s services, including Homebuyer Counseling, Education, or Lending, HDF is here to help.

 

Check your Eligibility here

HDF Requirements

Answer True or False to the following statements:

a) I/We are a First-Time Homebuyer (neither of you has owned a home in the last 3 years).

b) I/We have NOT had a bankruptcy in the last 4 years.

c) I/We have NOT had a foreclosure in the last 7 years.

d) I/We DO NOT have any known charge-offs and/or current past due accounts on my/our credit report.

e) I/We are prepared to purchase a home in the next 12 months. This includes the following:

  • -Steady work history
  • -Funds available for borrower contribution of at least 1% of the purchase price, pre-closing costs, and emergency reserves
  • -Good payment history and debt management

f) I/We DO NOT have collections/judgments greater than $5,000.

g) I/We are U.S. citizens or permanent resident aliens.

h) I/We are Income Eligible for HDF programs. Click here for SmartMove Connecticut, here for Smart Move New York and click here other programs in both New York and Connecticut.

If you answered “TRUE” to all of the above statements, continue below with “Start Your Journey Now” or scroll down to find out more information about our services. 

If you answered “FALSE” to any of the above statements, HDF is not your best next step. Click here for resources that may be helpful. HDF will be here when you are ready!

If you answered “TRUE” to ALL the eligibility questions, continue with the “Start Your Journey Now” logo below to register and create a customer profile.

You will be able to securely upload the necessary documents to your profile.

Please call 203-969-1830 ext. 1003 or contact us if you have any questions about this process.

Scroll down to learn more about HDF’s Services, including HDF’s Homebuyer Counseling, in-person and online Homebuyer Education Classes, and Lending Products.
For a quick overview of our programs and services, watch our video below.

HDF’s HOMEOWNERSHIP ADVISERS will answer questions and work with you to chart a path to homeownership from start to finish. You’ll work one-on-one with an adviser to develop an action plan to increase savings, reduce debt, and to identify and apply for down payment assistance opportunities.

HDF’s first time homebuyer adviser services are provided completely free of charge, and are designed specifically to help regular people buy their first homes. For HDF’s purposes, a ‘first time homebuyer’ is someone who has not owned a home at any time over the last 3 years. Certain other restrictions may apply.

 

Downpayment Assistance Programs

In addition to HDF’s free counseling, education, and guidance, first time homebuyers can also take advantage of a number of down payment and closing cost assistance programs designed to make homeownership achievable and sustainable, such as HDF’s SmartMove down payment assistance loan.

Whatever your circumstances, HDF has a second mortgage or loan to help cover your closing costs or down payment. Many of our loan products will stack, giving eligible purchasers a ‘jump-start’ toward homeownership!

Available Loan Products

 

Homebuyer Education

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. 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.

For more information or to register for a class please click here.