Did You Know Norcom is a CHFA lender?

·    CHFA has below market interest rate mortgages for first time homebuyers

•     Program available to low-to-moderate income families and individuals in Connecticut

•     CHFA has many mortgage programs, including special loans for Teachers, Police Officers, Military personnel, Veterans and residents with disabilities.

•     FHA, Fannie Mae, USDA, VA, 203K loans can be combined with CHFA when eligbile

•     Borrowers can finance the down payment with a DAP loan (a second mortgage on the home) *specific criteria required to qualify for a DAP loan

  • You must be a first-time home buyer or have not owned a home in the past three years to be eligible.

  • Borrowers who have owned a home previously may also apply if they plan to purchase in a Federally Targeted Area of the State and do not own property at the time of loan closing. 
  • Credit, income, and sales price limitations apply
  • What is the advantage to go with Norcom Mortgage for your CHFA loan? We are delegated to underwrite our own loans, which means no delays from CHFA and quick closings.

To encourage homeownership CHFA offers an additional 0.125% discount on published interest rates if you are: