New Britain Home Ownership Program (HOP)

Administered by: City of New Britain Community Development · City · Repayable Loan

Funding status: Active

How much assistance

Eligibility

  • Income limits: At or below 65% of Area Median Income, adjusted for family size
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase a 1-4 family property located in New Britain, CT.
  • Homebuyer education required: Yes

How to Apply for New Britain Home Ownership Program (HOP)

Step 1: Contact the City of New Britain Community Development Division to check eligibility. Complete the HDF homeownership counseling program. Apply for HOME funds as a second mortgage at a fixed 3% interest rate with no prepayment penalty.

Visit program website

Notes

Funded through HUD HOME program. Provides a second mortgage at a fixed 3% interest rate with no prepayment penalty. Specific maximum loan amounts are determined based on available HOME funds. Verify current availability and income limits with the City of New Britain Community Development Division.

Cities Where This Program Is Available