hey prescott.
See what you qualify for

Town of Fairfield First-Time Homebuyer Assistance Program

Town of Fairfield, Office of Community & Economic Development · Fairfield, Connecticut

Last verified
See what you qualify forOfficial program site →
Assistance

$32,500

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is 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.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from U.S. Department of Housing and Urban Development (HUD) grant.

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

Town of Fairfield First-Time Homebuyer Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: First-time homebuyer = no ownership interest in residential property within the past three years
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through HUD-certified first-time homebuyer counseling program (certificate required)
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. Home must be in Fairfield and owner-occupied; investment properties excluded. HUD-certified counseling certificate required. Eligibility/income subject to change without notice.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

Town of Fairfield First-Time Homebuyer Assistance Program is a federal program, so it is not limited to Connecticut.

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, through HUD-certified first-time homebuyer counseling program (certificate required).

  2. Contact Town of Fairfield, Office of Community & Economic Development to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs