Mortgage Services, Inc

Specializing In CHFA "CHAFA" Home Loans Since 1986

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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
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