CHFA Mortgage Rates March 4, 2010

By
Mortgage and Lending with MBC Interactive

The CHFA Homebuyer Mortgage Program interest rates are remained steady for the week of March 3rd with the current CHFA mortgage rate at historical lows of 4.375%. The current rates for CHFA are in effect until Thursday, March 11, 2010 :
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Homebuyer Mortgage Program

Interest rate:  4.375 % (APR range 4.475 - 4.875 %)
Term - 30 years, fixed rate

Downpayment Assistance Program (DAP)
   
Interest rate:  4.375 % (APR range 4.475 - 4.875 %)
Term - 30 years, fixed rate

Urban Rehabilitation Homeownership (UR Home) Program

Interest rate:  4.125 % (APR range 4.225 - 4.625 %)
Term - 30 years, fixed rate 

Pilot Homeownership and Downpayment Assistance Program for Manchester

Interest rate:  4.375 % (APR range 4.475 - 4.875)
Term - 30 years, fixed rate 

Homeownership Program,
Home of Your Own Program,
Police Homeownership Program,
Teachers Mortgage Assistance Program, and
Military Homeownership Program

Interest rate:  4.250 % % (APR range 4.350 - 4.750 %) 
Term - 30 years, fixed rate
 

Real Estate prices, and interest rate continue to remain low, and the opportunity to purchase a home has never been better. For more information on the CHFA Loan program visit www.ChfaMortgageLoan.com , or call us directly at (800) 922-3210.  

Serving These Towns Since 1986:

Waterbury CT, Danbury CT,Brookfield CT,New Milford CT,Orange CT,Litchfield CT,TorringtonCT,Harwington CT,Avon CT,West Hartford CT,Glastonbury CT,Storrs CT,Cromwell CT,New London CT,Fairfield CT,Norwalk CT,Southport CT,Old Lyme CT,Milford CT,New Haven CT,Hartford CT,Groton CT,Waterford CT,Waterbury CT,New Hartford CT,Farmington CT,Avon CT,Southington CT,Plainville CT,Plantsville CT,Washington Depot CT,Newington CT,Newtown CT,Southbury CT,Woodbury CT,Watertown CT,Naugatuck CT,Prospect CT,Windsor CT,Beacon Falls CT,Seymour CT,Redding CT,Easton CT,Westport CT,Uncasville CT,Oakville CT,Wolcott CT,Bristol CT,Thomaston CT,Branford CT,West Haven CT, Nortfield CT,Hamden CT,Wallingford CT,Stamford CT,Stratford CT,Winsted CT,Terryville CT,Bridgeport CT,Ansonia CT,Derby CT,Woodbridge CT,East Hartford CT,Ellington CT,North Haven CT,Plymouth CT,Middlebury CT,Oxford CT,Redding CT,Bantam CT,Goshen CT,Cornwall CT,Roxbury CT,Bridgewater CT,Bethel CT,Bethlehem CT,New Britain CT,Colebrook CT,Simsbury CT,Barkhamsted CT,Collinsville CT,Norfolk CT,Lakeville CT,Kent CT,Berlin CT,Burlington CT,Winchester Center,Woodbridge Lake CT,New Fairfield CT,Sherman CT,New Preston CT,MOrris CT,Barkhansted CT,Canaan CT,

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Ambassador
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Great rates indeed. I recently had a contract on one of my listings and the first timer chose to go FHA because of the conversation the BOA lender gave him about possible repayment if he resold too soon. Is that enforced if the buyer =moves up with the subsequent purchase?

Mar 05, 2010 08:00 AM #1
Rainmaker
207,296
Don Polletta
MBC Interactive - Waterbury, CT

Ed -  BOA is referring to the recapture tax that can be collected if the home is sold in less than 9 years and the racapture tax peaks in the 5th year. Recapture tax would be due when a homeowners realized a captial gain on the sale of the home, and their income exceeds federal limits. As to whether or not its enforced seems to be a very gray area with CHFA.

Mar 08, 2010 08:21 AM #2
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Rainmaker
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Don Polletta

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