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Homebuyer Programs in New Britain, CT (2026)

Last updated April 2, 2026 | Population: 74,000 | Median home price: $305,000 | Est. closing costs: $6,000 - $9,000

Skyline of New Britain, CT

New Britain is a mid-sized city in Hartford County, Connecticut, known for its diverse community and affordable housing relative to the broader Hartford metro area. With a median home price around $305,000, New Britain offers accessible homeownership opportunities supported by a strong mix of local, state, and federal programs. The City of New Britain's Home Ownership Program (HOP) provides HOME-funded second mortgages at a fixed 3% interest rate, while the state's CHFA Time To Own program offers up to $50,000 in forgivable down payment assistance for homes in high-opportunity areas. Additional state programs like HDF CT Forever (up to $28,000) and HDF SmartMove (up to 25% of the purchase price) add further support. Habitat for Humanity of North Central Connecticut also builds affordable homes in the area with zero-interest mortgages. By stacking multiple programs, New Britain buyers can significantly reduce their out-of-pocket costs at closing.

Top Homebuyer Programs in New Britain

New Britain Home Ownership Program (HOP)
Type:
Repayable Loan
First-time only:
Yes
FHA Loans
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
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
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
HomeReady Mortgage (Fannie Mae)
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
HUD $100 Down Program
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
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
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
Habitat for Humanity of North Central Connecticut Homeownership Program
Type:
Zero-Interest Loan
Amount:
No down payment required; 0% interest mortgage
First-time only:
Yes
CHFA Down Payment Assistance Program (DAP)
Type:
Repayable Loan
Amount:
$3,000 to $15,000
First-time only:
Yes
CHFA Time To Own Forgivable Down Payment Assistance
Type:
Forgivable Loan
Amount:
Up to $50,000 in high-opportunity areas; up to $25,000 in other areas
First-time only:
Yes
HDF CT Forever Down Payment Assistance
Type:
Repayable Loan
Amount:
Up to $28,000
First-time only:
Yes
HDF Live Where You Work
Type:
Zero-Interest Loan
Amount:
Up to $25,000
First-time only:
Yes
HDF SmartMove Connecticut
Type:
Repayable Loan
Amount:
Up to 25% of the purchase price
First-time only:
Yes

How to Apply

  1. Step 1:

    Check your eligibility. Most programs in New Britain require household income at or below 80% of the Area Median Income. The city's HOP program has a stricter limit of 65% AMI. Review each program's income and credit requirements before applying.

  2. Step 2:

    Complete homebuyer education. All major programs require a homebuyer education course. Neighborhood Housing Services of Greater New Britain (NHS) offers first-time homebuyer workshops in English and Spanish at the New Britain Housing Authority Center for Excellence, 57 Fern St. HDF also offers free homeownership counseling as a HUD-approved agency.

  3. Step 3:

    Contact NHS Greater New Britain or HDF for one-on-one counseling. NHS can be reached through their website at nhsnb.org. HDF can be reached at hdfconnects.org. Both agencies help you understand which programs you qualify for and guide you through the application process.

  4. 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 in the New Britain area.

  5. Step 5:

    Find a home within program limits. The city's HOP program requires purchasing a 1-4 family property located in New Britain. State programs may have additional purchase price limits depending on the county.

  6. Step 6:

    Submit your applications. Apply for HOP through the City of New Britain Community Development Division. State programs like Time To Own and DAP are applied for through your CHFA-approved lender. Allow 30-60 days for processing.

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