CHFA and FHA Mortgage Interest Rates – November 7, 2022

Whether you’re looking to purchase a home or condo, FHA or CFHA financing could be the answer. Are you looking for real estate in Rocky Hill, Windsor, East Windsor, Windsor Locks, or other towns in Greater Hartford CT? Take advantage of the low mortgage interest rates whether you’re a first-time homebuyer or seasoned veteran. Let Lisa Giller help you navigate through the home-buying maze. FHA and CHFA mortgage interest rates often differ by about 1%, so I want you to be informed! Questions? Ask me…Lisa Giller, Realtor!

All CHFA Mortgage Program interest rates are subject to change weekly. The following rates went into effect on Monday, November 7, 2022:

Homebuyer Mortgage Program

Interest rate: 6.375 % (APR range 6.475 – 6.875 %)
Fees: Up to One Point (1% Origination Fee) * Payable to Lender
Term – 30 years, fixed rate

* Additional fees may apply

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Time to Own – Forgivable Downpayment Assistance Plan “New”

Interest rate: 0%

Note: 0% interest and no monthly payments. 10% Percent of the principal balance forgiven annually, on the anniversary date of the loan closing, until the loan ($25,000 – $50,000) is fully forgiven on the 10th anniversary,

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Downpayment Assistance Program (DAP)

(Rate listed is for DAP loans with Homebuyer Mortgage Program financing.)

Interest rate: 1.0% (APR range 1.10 – 1.50 %)
Fees: Up to $250 Application Fee * Payable to Lender
Term – 30 years, fixed rate

* Additional fees may apply

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Homeownership Program,

Home of Your Own Program, Police Homeownership Program, Teachers Mortgage Assistance Program, and Military Homeownership Program

Interest rate: 6.250 % (APR range 6.350 – 7.250 %)
Fees: Up to One Point (1% Origination Fee) * Payable to Lender
Term – 30 years, fixed rate

* Additional fees may apply