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Get Matched Free →New Haven Down Payment and Closing Cost Assistance Program
Funding status: Active
How much assistance
Up to $20,000 or 6% of the purchase price, whichever is greater
Zero-interest forgivable loan forgiven at 20% per year on each anniversary of the loan closing. Fully forgiven after 5 years of owner-occupancy. Must repay balance if property is sold or transferred before forgiveness period ends.
Eligibility
- Income limits: Must be a low-income family as defined by HUD income limits.
- First-time buyer required: Yes — Must be a first-time homebuyer.
- Geographic restrictions: Must purchase a single-family (1-4 unit) property within the City of New Haven.
- Homebuyer education required: Yes
How to Apply for New Haven Down Payment and Closing Cost Assistance Program
Contact the City of New Haven Housing Administration and Development office. Must provide a pre-qualification letter from an approved lender, executed purchase contract, driver's license, four consecutive paystubs, and W-2s and tax returns for the most recent two years.
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