See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 2, 2026
Homebuyer Programs in Greenwich, CT (2026)
Greenwich is an affluent town in Fairfield County, Connecticut, situated along the Long Island Sound and bordering New York State. With a median home price around $1,900,000, Greenwich is one of the most expensive housing markets in the state, making down payment assistance programs especially valuable for buyers looking to enter this competitive market. While Greenwich does not offer a town-funded down payment assistance program, Connecticut state programs provide significant support. The CHFA Time To Own program offers up to $50,000 in forgivable assistance for homes in high-opportunity areas, and HDF CT Forever provides up to $28,000 in down payment help at just 1% interest. The HDF SmartMove program can cover up to 25% of the purchase price as a low-interest second mortgage. Habitat for Humanity of Coastal Fairfield County also builds affordable homes in the Greenwich service area with zero-interest mortgages. Buyers should explore stacking multiple state and federal programs to maximize their assistance.
State Programs in Connecticut
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| CHFA Down Payment Assistance Program (DAP) | Repayable Loan | $3,000 to $15,000 | Yes | View → |
| CHFA Time To Own Forgivable Down Payment Assistance | Forgivable Loan | Up to $50,000 in high-opportunity areas; up to $25,000 in other areas | Yes | View → |
| HDF CT Forever Down Payment Assistance | Repayable Loan | Up to $28,000 | Yes | View → |
| HDF Live Where You Work | Zero-Interest Loan | Up to $25,000 | Yes | View → |
| HDF SmartMove Connecticut | Repayable Loan | Up to 25% of the purchase price | Yes | View → |
- Type:
- Repayable Loan
- Amount:
- $3,000 to $15,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $50,000 in high-opportunity areas; up to $25,000 in other areas
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to $28,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Up to $25,000
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to 25% of the purchase price
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Habitat for Humanity of Coastal Fairfield County Homeownership Program | Zero-Interest Loan | No down payment required; 0% interest 30-year mortgage | Yes | View → |
- Type:
- Zero-Interest Loan
- Amount:
- No down payment required; 0% interest 30-year mortgage
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. State programs like CHFA Time To Own and DAP require household income at or below 80% of Area Median Income and first-time buyer status. Given Greenwich's high home prices, confirm that the property you're considering falls within any applicable purchase price limits set by CHFA for Fairfield County.
Step 2: Complete homebuyer education. All CHFA and HDF programs require completion of a homebuyer education course. The Housing Development Fund (HDF), headquartered in Stamford, offers free first-time homebuyer classes and is a HUD-approved counseling agency. Contact HDF at their Stamford office at 100 Prospect Street, South Tower Plaza.
Step 3: Contact HDF for one-on-one counseling. As the primary HUD-approved housing counseling agency serving Fairfield County, HDF can help you understand which programs you qualify for and guide you through the application process. They also administer their own loan programs including SmartMove CT and CT Forever.
Step 4: Get pre-approved for a mortgage. If you plan to use CHFA programs like Time To Own or DAP, you must work with a CHFA-approved lender. Call CHFA's homeownership hotline at 1-844-281-4663 for a list of approved lenders serving the Greenwich area.
Step 5: Find a home within program limits. CHFA and HDF programs have purchase price limits that vary by county and are updated periodically. Given Greenwich's high median home price, you may need to focus on condos, townhomes, or smaller properties to stay within program limits.
Step 6: Submit your applications. State programs like Time To Own and DAP are applied for through your CHFA-approved lender. HDF loan programs are applied for directly through HDF. Allow 30-60 days for processing.
Frequently Asked Questions
How much down payment assistance can I get in Greenwich?+−
Do I have to be a first-time homebuyer to qualify?+−
Are there any Greenwich-specific homebuyer programs?+−
What homebuyer education is required?+−
Can I realistically use DPA programs in Greenwich given the high home prices?+−
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