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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 fogivable 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:

  •      Applicants must have a pre-approval letter from an approved Bank or Lending Institution.  

  •      All program applicants are required to attend a home-owners class and obtain a certification of attendance. 

  •      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  , or contact the Office of Community Development at 860-253-6390.       

Last Modified: 3/12/2010 8:39:44 AM


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