Are you a first-time homebuyer? The Connecticut Housing Finance Authority (CHFA) provides information that can help first-time homebuyers make responsible financial decisions as they prepare for homeownership. If you are considering buying your first home, but are uncertain how to begin, here’s a guide to help you along the path towards homeownership, one step at a time.

To help you achieve your dream of homeownership, CHFA offers a variety of mortgage programs. (See, CHFA Homebuyer Programs.) Some of the loan programs provide supplementary assistance with the upfront expenses associated with buying a home such as down payments, inspection fees and closing costs. (See,Downpayment Assistance Program.)

In partnership with more than 10 HUD- and CHFA-approved Housing counseling agencies, CHFA also provides free homeownership education programs at different locations throughout Connecticut. If you believe you might benefit from comprehensive instruction in the financial and practical details of buying and owning a home, register for an eight-hour course today. (See, Homebuyer Education schedule of classes.)

In addition, at any point along this journey, you can direct questions to one of the more than 100 CHFA-approved Participating Lenders (banks and mortgage companies) across the state. (See, Participating Lenders near you.)

Because buying a home can take several months, it’s helpful to have a strategy. Following the basic steps listed below will guide you through one the most important transactions of your lifetime, the purchase of your first home.

  1. Get pre-qualified for a mortgage.
  2. Get the help of a real estate agent.
  3. Find the right home for you.
  4. Make an offer on a home.
  5. Apply for a mortgage.
  6. Get a home inspection.
  7. Attend the closing prepared.