Naugatuck, CT, First-Time Home Buyer

What help can you get as a Naugatuck, CT, first-time home buyer? Those who qualify for conventional loans need only put down 3%, but those who are eligible for USDA or VA loans might not have to put any money down at all. Under most circumstances, a 620 credit score is required to buy. Your agent is happy to tell you more about these specifics, as well as special incentives you may be eligible for.

The Connecticut Housing Finance Authority has access to what you need for your housing purchase. The CFA recommends homebuyer education courses; these are required for many of the incentive programs. Your next steps include preapproval, finding an agent, locating the right house, making an offer, applying for a mortgage, inspections, and appraisals, and closing the deal.

Let your agent explain what help you can receive as a first-time purchaser! In 2022, Governor Ned Lamont announced the Time to Own program offered by the state, which offers down payment assistance to those on low and moderate incomes in the area who’ll be buying. Schedule a consultation via the internet if you’d like to find out more about your eligibility for this program!

Naugatuck Borough Demographics: https://www.census.gov/quickfacts/naugatuckboroughconnecticut

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