Time To Own In Connecticut

Connecticut homebuyers are facing higher down payments, but a state program could help. A new report shows average down payments have jumped to over 16% nationwide, making it tougher for first-time buyers. Connecticut’s “Time to Own” program currently offers up to $25,000 in down payment assistance, but a push is now underway to double that to $50,000. The forgivable loan program has helped more than 5,600 buyers since 2022. Applications and eligibility details are available online at www.chfa.org.