HDF can help you buy your first home with our downpayment and closing cost loan programs.
To be eligible, you must meet HDF’s eligibility criteria and use an HDF participating lender.
Eligibility Criteria:
The applicant, co-applicants, and non-borrowing spouses must NOT have owned a home in the last 3 years.
You must be a U.S. citizen or permanent resident or have an approved visa. View our list of acceptable visas.
Your household income cannot exceed HDF’s income guidelines. Review the Income Limits for SmartMove Connecticut, SmartMove New York, and our other programs.
You have NOT had a bankruptcy in the last 4 years (from the date of discharge).
You have NOT had a foreclosure in the last 7 years.
You DO NOT have any outstanding collections, charge-offs or current past-due accounts on credit report.
If buying a home within the next 3 months, you need to have funds available to put down at least 1% of the purchase price, inspection fees, appraisal fees, one year of homeowners insurance, and reserves.
Properties that are eligible with HDF includes Condos, Single Family Homes, Multi-Family Homes (2-4 Units), and PUD’s. Co-ops do not qualify, Manufactured Homes only if affixed to the foundation.
If you ready to continue, your next step is to create your portal account.