Connecticut

Down payment assistance for Connecticut

One program listed below can help with the cost of buying a home in Connecticut, and it can sit inside a riba-free structure.

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Connecticut Housing Finance Authority - Time to Own

The CHFA is offering a limited-time program that aims to make homeownership more attainable for first-time buyers. Borrowers can get up to 20% down payment assistance and up to 5% for closing costs in a zero-interest forgivable loan setup.

Learn more about the program here

Requirements

Must be a current Connecticut resident with at least 3 years of recent residency

Household income should meet median limits per county or city

DPA must be combined with a CHFA primary first mortgage

If not first-time homebuyer, applicant must not own another property at time of closing

Preferred professional

Your preferred professional in Connecticut

Realtors who know the Ijara™ structure, working with buyers in Connecticut.

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Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Connecticut down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available in Connecticut?

Yes. The program listed above can help with the cost of buying in Connecticut, and ijara CDC can pair it with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance in Connecticut?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.