Loan Program

This program offers a reduced first mortgage interest rate of 1⁄4% below CHFA’s regular Homebuyer Mortgage Program rate for a term of 30 years. In addition, a 0% interest rate loan up to a maximum of $4,000 will be available from the Town of Manchester to assist with the down-payment and/or closing costs associated with the purchase of a single-family dwelling, a condominium unit, or a 2-4 family owner-occupied dwelling. The 0% loan is provided by the Town of Manchester and is forgiven at 20% per year over a five-year period. If the borrower sells or refinances the home before five years of ownership, the remaining balance of the 0% interest rate loan is to be repaid to the Town of Manchester.In order to participate in the loan program, all prospective borrowers must meet with the Town of Manchester to determine eligibility for the program with regard to total household income and to determine the presence of Lead paint through a Lead-based Paint Visual Assessment, if the house is built before 1978. Once deemed eligible, borrowers may contact one of the two Participating Lenders in the Program to determine loan eligibility. Lenders will take the mortgage application and determine a borrower’s eligibility for a mortgage loan. Borrowers who need additional funds for downpayment may apply for a CHFA Downpayment Assistance Loan through one of the Participating Lenders for the Program. Homebuyer Education Borrowers will be required to attend an 8-hour Homebuyer Education class before they can close on their loan. These classes are free of charge, but may have costs associated with pulling credit, if applicable. The Participating Lender will direct you to contact a counseling agency to schedule participation in a class.

They are Back!!

http://www.hartford.com/event-detail.php?id=1162

They are back~~ Click on the link for directions and hours of the park being open.  The cost is $10.00 per car!! Proceeds go to the Channel 3 Kids Camp!