Why Do I Have To Pay A Capital Contribution To The Condominium Association When Buying A Condo In Connecticut?

Capital Contribution to HOA Closing Costs Paid to Condo Association Today, I had a closing with a client n a condominium in New Milford. The particular condominium association (or home owners association, commonly called “HOA”) had a condition to buying …

chfa downpayment assistance

CHFA Loans – Connecticut Housing Finance Authority Mortgage Assistance

CHFA Mortgage Assistance for Connecticut Home Buyers The Connecticut Housing Finance¬†Authority, or CHFA, provides mortgage assistance programs to homebuyers in Connecticut. To receive CHFA mortgage assistance, you must be a first-time homebuyer or buying a home in a revitalization zone …

maximum fha loan amount

Federal Housing Finance Agency “FHFA” Raises FHA Loan Limits for 2017 – First Increase Since 2006

FHFA Announces Increase in Maximum Loan Amounts for Conforming “FHA” Mortgages There is some good news for those people looking to buy a home in 2017. The Federal Housing Finance Agency, or FHFA, has announced that for the first time …

What is the Connecticut Real Estate Conveyance Tax?

What is a real estate conveyance tax? A real estate conveyance tax is a tax paid by the “Transferor” in a real estate transaction, typically this is a Seller. However, there are some clever Sellers that put the burden of …