Check current mortgage rates and estimate your monthly payment before you start your Connecticut home search. These calculators use national average rates updated weekly. When you're ready, we'll connect you with trusted local lenders and walk you through your options — including CHFA programs and down payment assistance for first-time buyers. Hablamos español.

Mortgage Rates Overview

12-Month Rate Range

Down Payment Assistance for Connecticut Buyers

Don't let the down payment stop you. Connecticut offers real help for first-time buyers, and we've guided clients through both of these programs:

Time to Own Forgivable Loan — Up to $25,000 toward your down payment (up to 20%) and closing costs (up to 5%). It's a 0% loan with no monthly payment, forgiven at 10% per year, so after 10 years you owe nothing. You'll need 3 years of CT residency and a CHFA first mortgage.

CHFA Down Payment Assistance Program (DAP) — A low-interest second loan of up to $15,000 (4% of the purchase price) covering your down payment and closing costs, with the rate capped at 5%. Unlike Time to Own, DAP has no Connecticut residency requirement — if you're relocating from New York or anywhere else, you can still qualify when buying your CT home with a CHFA mortgage.

Program funding and eligibility change, so ask us what's currently available for your situation. Details at CHFA.org.