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First-Time Homebuyer Program |
The Town's First-Time Homebuyer Program (FTHB) is designed to assist people who want to purchase their first home in Enfield. The program provides a forgivable loan to income eligible individuals who purchase a home within the town. The loan will be forgiven if the buyer remains in the home for the full term of the loan, usually 5 to 10 years.
Requirements:
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Applicants must have a pre-approval letter from an approved Bank or Lending Institution.
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All program applicants are required to attend a home-owners class and obtain a certification of attendance.
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50% of the loan must be used to write-down your primary mortgage. 50% may be used for down payments, inspection services, or other closing costs.
For more information please refer to the FTHB Guidelines and Application, or contact the Office of Community Development at 860-253-6390. |