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Connecticut adds $5M to CHFA Time To Own down payment loans

Published · Homebuyer update · By the DPA Finder editorial team

The State Bond Commission authorized another $5 million for Time To Own. CHFA reports $13,169,286 available for reservations as of Oct. 19, 2026.

On September 8, 2026, the Connecticut State Bond Commission authorized an additional $5,000,000 for Time To Own (TTO), according to the Connecticut Housing Finance Authority (CHFA). CHFA's program page says that as of October 19, 2026, $13,169,286 is available for loan reservations.

Time To Own is a forgivable loan of up to $25,000 (minimum $3,000) with a 0% rate and no monthly payment. CHFA forgives 10% of the balance on each anniversary of the closing, so it is fully forgiven after ten years. It can cover up to 20% down payment and up to 5% closing costs.

It is only available with a CHFA first mortgage, through a CHFA-participating lender. CHFA says applicants must be current Connecticut residents who can show residency for the most recent three years. Buyers who are not first-time buyers may apply if they purchase in a targeted area.

Funding is offered for a limited time and the available amount changes; CHFA publishes a weekly program dashboard. Check the official page before you count on it.

Sources

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