West Haven First-Time Homebuyer Down Payment Assistance Program

What is West Haven First-Time Homebuyer Down Payment Assistance Program?

West Haven First-Time Homebuyer Down Payment Assistance Program is a forgivable loan for homebuyers in West Haven, Connecticut, administered by City of West Haven Community Development Administration (CDA).

• The City of West Haven Community Development Administration offers first-time homebuyers up to $7,500 toward the down payment on a first single-family home or condo, funded through HUD's CDBG program. The assistance is a 5-year forgivable loan: if the buyer resides in the home for the full 5 years, no repayment is required. If the home is sold before 5 years, the loan is amortized at 20% forgiveness per year. Eligibility is limited to households at or below HUD's 80% Area Median Income.
• Up to $7,500 toward down payment.
• 5-year forgivable loan.
• No repayment if owner-occupied for 5 years.
• 20% loan forgiveness per year.
• Funding comes from HUD Community Development Block Grant (CDBG) entitlement funds.

How much assistance does it provide?

West Haven First-Time Homebuyer Down Payment Assistance Program offers up to $7,500 in assistance.

• Amounts are the program's published maximums, not an offer — City of West Haven Community Development Administration (CDA) determines any individual award.

Do you have to pay it back?

West Haven First-Time Homebuyer Down Payment Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale of home before end of 5-year period; loan amortized over period of owner-occupancy at 20% forgiveness per year (pro-rated balance due on sale).
• The assistance is recorded in second_mortgage position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

West Haven First-Time Homebuyer Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

West Haven First-Time Homebuyer Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Household income at or below HUD 80% AMI by size (New Haven-Milford MSA, FY2024): 1p $69,800; 2p $79,800; 3p $89,750; 4p $99,700; 5p $107,700; 6p $115,700; 7p $123,650; 8p $131,650.
• 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?

West Haven First-Time Homebuyer Down Payment Assistance Program can be used for Single Family and Condo.

Where does it apply?

West Haven First-Time Homebuyer Down Payment Assistance Program serves buyers purchasing in West Haven, Connecticut.

How do you apply?

Applications for West Haven First-Time Homebuyer Down Payment Assistance Program go through City of West Haven Community Development Administration (CDA), which publishes the current terms and the application steps on its own site.

1. 1

   Contact City of West Haven Community Development Administration (CDA) to reserve funds

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

2. 2

   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.