CHFA Loans offer a 30 year fixed rate mortgage with 1 point. Targeted areas offer the borrower higher income and sale price limits. As little as 2.75% percent down payment is required and Down Payment Assistance Program is available with less than $5,000 total household assets. The borrower must be a First-Time Homebuyer or one who has not owned a principal residence for the past 3 years. Lending area: Connecticut.