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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 assistance options to help with down payment and/or closing costs. Even if you contribute towards a down payment, you may still use one of the options below.

Down Payment Assistance Grant* 

  • Up to 3 percent of your first mortgage**  
    (Example: Get up to $6,000 on a $200,000 mortgage)
  • No repayment required

Second Mortgage Loan*

  • Up to 4 percent of your first mortgage**
    (Example: Get up to $8,000 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, or the home is no longer your primary residence. 

How to get a CHFA Loan

Click here to learn more about program requirements and next steps.

* Higher interest rates apply
**For a 30-year, fixed-rate loan

Homebuyer Education

Taking a homebuyer education class early in the process is essential. The class will help you learn about the homebuying process, as well as what it takes to succeed as a homeowner.

CHFA-sponsored homebuyer education is offered online and in-person through housing counseling agencies across the state.

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Considering Homeownership?

If you are considering homeownership, and are looking for tips on how to become a confident, empowered, and successful homeowner, subscribe now to CHFA: Your Road Home, our monthly eNewsletter.

Contact a CHFA Participating Lender

CHFA Participating 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.