Military Homeownership Program

Mortgage Services, Inc

Specializing In CHFA "CHAFA" Home Loans Since 1986

MILITARY HOMEOWNERSHIP

Homeownership For Members of The Military

The military homeownership program is designed to give members of the military and opportunity to purchase a home at a low fixed interest rate. The program also helps with the one of the bigger obstacles of homeownership down payment through the military down payment assistance program.

Eligibility Requirements

To qualify for the Military Homeownership Program, borrowers must be serving in the U.S. military whether Active Duty, Guard or Reserve or be a veteran who served in the U.S. Armed Forces. (A veteran is defined as a person who served in the U.S. Armed Forces, and who was discharged or released under conditions other than dishonorable.)
Unmarried surviving spouses or civil union partners of eligible veterans who died as a result of military service or service-connected disabilities may also be eligible for the Military Homeownership Program.
CHFA requires that borrowers be a first-time homebuyer* or have not had an ownership interest in a principal residence for the past three years.
Pursuant to federal law, Tax Relief and Health Care Act of 2006, CHFA is offering the Military Homeownership Program to veterans who have never previously received a mortgage financed with a Mortgage Revenue Bond to be exempt from the first-time homebuyer requirement and may purchase a home anywhere in the State of Connecticut. This exemption can only be used once. NOTE: The first-time homebuyer requirement exemption is available for a limited time. Please check with your lender as to the availability of this exemption.

Income Limits

Income limits for the Military Homeownership Program are set at the CHFA statewide income limits for a 1 to 2 person household, and for a 3 or more person household. There are no exceptions.

If you are a member of the military and wish to learn more about the military homeownership program call directly at (800) 922-3210, or fill out our Free online pre-qualification form.

CHFA "CHAFA" Loan - Mortgage Services, Inc. - NMLS # 2594
193 Grand Street 2nd Floor, Waterbury, CT 06702
Direct: (800) 922-3210
info@tomortgageservices.com