breaking down cost barriers
SmartMove can now be combined with our new loan product SmartClose to help cover additional closing costs.
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 $25,000 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
