breaking down cost barriers

SmartMove Connecticut helps first time homebuyers overcome the obstacles of downpayment and closing costs. Participating homebuyers may be able to put down as little as 1% of the purchase price because of SmartMove Connecticut’s low interest loans!

Let us help you build an affordable and sustainable homeownership plan by applying for SmartMove Connecticut today.

Check out our SmartMove guidelines and service area map to find out if this program will work for you!

 

check your eligibility

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

SmartMove is a 3% (APR = 3.42% to 4.74%) second mortgage for up 20% of the purchase price. Additionally, an origination fee of $750-$2,500 is added to the closing costs of SmartMove Connecticut borrowers. SmartMove Connecticut loans can also be combined with HDF’s other downpayment assistance programs, but you must spend down to $35,000 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 SmartMove, 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 
         Citibank 
         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