preparation for homeownership
As mortgage bankers or loan originators, you work with homebuyers all the time. With HDF’s homebuyer counseling and education programs, your clients can become prepared and informed homebuyers. Our low-interest second mortgages can help well-qualified borrowers bridge the gap between unattainable and affordable.
Down Payment Assistance programs
In addition to the free counseling and education given to all HDF clients, homebuyers can also take advantage of our downpayment and closing cost assistance programs. Whatever your client’s circumstances, HDF probably has a second mortgage or loan that can help.
Many of our loan products will stack, allowing eligible purchasers to access a financing package tailored to their needs alongside their conventional first mortgage. These loan products are designed to make homeownership achievable and sustainable, in line with our mission as a housing nonprofit. Certain restrictions may apply depending on the program.
Available Loan Products
- SmartMove CT Low interest downpayment assistance for CT first time homebuyers. For up to 20% of the purchase price. (Flyer: English, Español)
- SmartMove NY Low interest downpayment assistance for NY first time homebuyers. For up to 20% of the purchase price. (Flyer: English, Español)
- Live Where You Work CT 0% downpayment assistance for first time homebuyers purchasing homes in the city where they work. Up to $20,000. (Flyer: English)
- Local Downpayment Assistance Programs Additional loan programs available to people buying in specific towns and cities (amounts and terms vary).