down payment assistance

down payment and/or closing cost assistance options

Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA down payment assistance options. Even if you contribute towards a down payment, you may still use one of the options below.

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Down Payment Assistance Grant * 

  • Up to 4 percent of your first mortgage**  
    (Example: Get up to $8,000 on a $200,000 mortgage)
  • No repayment required

Second Mortgage Loan*

  • Up to 5 percent of your first mortgage**
    (Example: Get up to $10,000 on a $200,000 mortgage)
  • Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home. 

how to get a chfa loan

Click here to learn more about program requirements and next steps.
Find a CHFA Participating Lender

contact an approved lender

CHFA-approved Lenders can help you understand which options might work best for you.

Disclaimer: CHFA does not lend money directly to consumers. We use approved lenders to qualify customers and make all mortgage loans. 

* Higher interest rates apply

**For a 30-year, fixed-rate loan