Are you looking to buy a home? If you’re considering buying in certain districts or you teach in a shortage area, check out the Connecticut Teachers Mortgage Assistance Program.
The Teachers Mortgage Assistance Program offers home loans at below-market interest rates to Connecticut public school teachers. To be eligible for the program, you must be employed as a Connecticut-certified public school teacher or a certified regional vocational-technical teacher. You must also be a first-time homebuyer unless you purchase a home in a federally targeted area.
The Connecticut Housing Finance Authority website offers information on this and other mortgage programs, a list of participating lenders, targeted areas of the state, subject matter shortage areas, and priority and transitional school districts.