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% interest (APR = 3.42% to 4.74%) second mortgage for up to 25% of the purchase price when used for down payment and closing cost assistance.  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 
Patriot Bank
People’s United Bank 
Savings Bank of Danbury
Signature Bank
Thomaston Savings Bank
Union Savings Bank 
United Bank 
Webster Bank