Town of Fairfield First-Time Homebuyer Assistance Program

Town of Fairfield First-Time Homebuyer Assistance Program is a deferred second loan for homebuyers in Fairfield, Connecticut, administered by Town of Fairfield, Office of Community & Economic Development. A HUD-funded Town of Fairfield program that helps income-eligible first-time homebuyers purchase an owner-occupied single-family, two-family, or condominium in Fairfield. It provides a no-interest down payment loan of 50% of the required down payment up to $30,000 (repayable on sale, refinance, transfer, or death), plus a closing-cost grant of up to $2,500. Applicants must complete HUD-certified counseling and meet income limits. 0% deferred down payment loan up to $30,000 (50% of down payment). Up to $2,500 closing-cost grant (no repayment). Covers attorney fees, appraisal, prepaids. Single-, two-family, or condo eligible. Funding comes from U.S. Department of Housing and Urban Development (HUD) grant.

Town of Fairfield First-Time Homebuyer Assistance Program offers up to $32,500 in assistance. Award tiers: Down payment: 50% of required down payment, max $30,000 (0% deferred loan). Closing costs: max $2,500 (grant). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Town of Fairfield, Office of Community & Economic Development determines any individual award.

Town of Fairfield First-Time Homebuyer Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Down payment loan payable when the owner sells, refinances, transfers, or passes away (deferred/silent second). Closing-cost portion is a grant. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Town of Fairfield First-Time Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer = no ownership interest in residential property within the past three years. A homebuyer education course is required, through HUD-certified first-time homebuyer counseling program (certificate required). Home must be in Fairfield and owner-occupied; investment properties excluded. HUD-certified counseling certificate required. Eligibility/income subject to change without notice.

Town of Fairfield First-Time Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size. 2025 HUD annual income limits per household: 1p $78,750; 2p $90,000; 3p $101,250; 4p $112,500; 5p $121,500; 6p $130,500; 7p $139,900; 8p $148,500. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Town of Fairfield First-Time Homebuyer Assistance Program can be used for Single Family, 2-4 Unit, and Condo.

Town of Fairfield First-Time Homebuyer Assistance Program serves homebuyers purchasing in Fairfield, Connecticut.

Applications for Town of Fairfield First-Time Homebuyer Assistance Program go through Town of Fairfield, Office of Community & Economic Development, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.