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Sometimes, in the excitement and nerves of looking to find a home, a potential renter or buyer could be more susceptible to falling for scams, and scammers know this. USA.gov and the Federal Trade Commission shared several scams to be on the lookout for while you’re on your next house hunt. Rental scams Rental scams…
Chelsea Groton is one of 12 lenders in Connecticut participating in the CT Housing and Finance Authority (CHFA) “Time To Own” forgivable down payment assistance program. The “Time to Own” program is being administered by CHFA on behalf of the Connecticut Department of Housing. The program offers down payment and closing cost assistance to low-…
Chelsea Groton Bank is pleased to partner with the Connecticut Housing Finance Authority (CHFA) to help borrowers with documented disabilities to purchase their first home, through the Home of Your Own Program. The Home of Your Own Program allows borrowers to be eligible for a low-interest rate loan and down-payment assistance if the borrower or…
If you’re looking to purchase a home, it’s important to take certain steps ahead of time, so when you find the perfect home, you’re ready to make an offer. Here are five steps to buying a home to keep in mind: 1. Get your credit in order. Having good credit is essential to getting approved for…
You’ve likely been spending more time at the place you call home lately. If this has you thinking about buying your first house or purchasing a different home to better suit your needs, here are some tips as you prepare to make the purchase. Build your savings: Set money aside every month. Prior to purchasing a…
Chelsea Groton was selected to once again participate in the Federal Home Loan Bank of Boston’s (FHLBB) Equity Builder Program. Through this program, Chelsea Groton is able to work with first-time homebuyers to receive up to $15,000 in down payment assistance. “Chelsea Groton has always been committed to meeting customers where they are and exploring…
Chelsea Groton is pleased to announce a special 1% down payment home financing product, the Community Heroes Homeownership Program, for civic-minded men and women who serve our communities as full-time emergency medical technicians (EMTs), firefighters, paramedics, police officers and teachers (K-12). The Community Heroes Homeownership Program will allow individuals and families who have at least…
