The Federal Housing Authority backed loans help people with limited down payment and/or bruised credit get the financing they need to purchase a home.

Options include:

• 15- and 30-year fixed rate terms; 5/1 Adjustable Rate and Rehab loans also available.

If you are a Veteran or active military personnel with a valid eligibility certificate, you may be eligible to purchase a home with no down payment with the help of the Veteran’s Administration loan.

Options include:

• 15- and 30-year fixed rate terms
• 5/1 Adjustable Rate

The United States Department of Agriculture ensures low down payment financing for homeowners hoping to buy in rural communities. You may be pleasantly surprised at what towns might qualify!

Options include:

• 30-year fixed rate term

Simsbury Bank is a participating lender in the Connecticut Housing Finance Authority’s homeownership programs. Applicants may qualify for below market interest rates when they meet certain income and sales price requirements. The Downpayment Assistance Program even allows borrowers to finance the down payment and closing costs.

Options include:

• 30-year fixed rate term