Liberty Bank is teaming up with the Connecticut Housing Finance Authority (CHFA) and Connecticut Department of Housing to host a first-time homebuyer seminar series with a focus on the new Time To Own Loan Program beginning August 31.
The Time To Own Loan Program is available with CHFA and the Connecticut Department of Housing for a limited time and is a forgivable Down Payment Assistance Program available to eligible first-time homebuyers. This program is helping to alleviate the down payment and closing costs required to purchase a first home. Liberty Bank is a lead lending partner.
“Partnerships like this one are helping to grow stronger communities and making home buying more affordable and attainable for working families,” said David Glidden, Liberty Bank President and CEO. “Through Time To Own, we are excited to continue playing an integral role in ensuring new homeowners realize their dreams while fulfilling our mission to improve the lives of our customers, teammates and communities for generations to come.”
Anyone in Connecticut who is looking to purchase their first home may attend the free Time To Own seminar on Wednesday, August 31, 2022 from 5:00 to 7:00 p.m. at Hartford Public Library (603 Park Street, Hartford CT, 06106; on-site parking available). It will provide an in-depth overview of the program, including eligibility information, how to apply, and more. Two Affordable Lending Loan Officers from Liberty Bank, Fanita Borges (fluent in English and Spanish) and Pamela Hippolyte, will be available for questions at the event.
“Community events are a critical tool in our efforts to ensure awareness of our new Time to Own program,” said Housing Commissioner Seila Mosquera-Bruno. “This program represents the deep commitment by Governor Lamont and state leaders that the home is a place of stability and financial health for our residents and communities. I am thrilled for the Department of Housing to drive this landmark initiative.”
Additional seminar dates will be added over the next several months. To register, please visit: info.chfa.org/3Pac8M5 or call 860-736-6138. Interested participants may call or check the link for future seminar dates and details.
“Homeownership plays a very important role in shaping our future,” said Matt Cammarota, Liberty Bank Senior Vice President, Head of Retail Lending. “Part of our role as a community bank is to promote the benefits of homeownership throughout the year. In doing so, we’re proud to work with partners, including CHFA and the Connecticut Department of Housing, to create more opportunities for future homebuyers of all financial situations and backgrounds.”
Through Time To Own, those qualifying buyers who are purchasing a home in Connecticut have the opportunity to receive up to $50,000 for down payment and closing costs assistance.
“As the housing market continues to evolve, CHFA remains committed to providing responsive and reliable resources to first-time homebuyers,” said CHFA CEO, Nandini Natarajan. “We are excited to collaborate with lending partners like Liberty Bank to raise awareness of the Time to Own program, which provides prospective homebuyers with greater purchasing power to help them get into their first home.”
More details on Time To Own can be found on the CHFA website, click here. To be considered, customers need to be purchasing property in a qualified CT area and should contact a Liberty Bank Home Mortgage Loan Officer for further details.
In addition to partnering on the Time To Own program, Liberty Bank offers year-round affordable lending programs like its Good Neighbor and Good Neighbor+ programs; first-time home buyer seminars and other financial literacy initiatives; and has many strong partnerships including a recent one with the City of Hartford and Connecticut Attorneys Title Insurance Company (CATIC) focused on boosting homeownership rates in Hartford which was announced at the end of 2021.
About Liberty Bank
Established in 1825, Liberty Bank is one of the oldest and largest mutual banks in the country. With more than $7.4 billion in assets, Liberty has 56 banking offices across Connecticut with one in Western MA. As a full-service financial institution, Liberty offers consumer and commercial banking, cash management, home mortgages, business loans, insurance and investment services. Named ‘Top Workplace’ by the Hartford Courant every year since 2012 and designated a 2021 Best-In-State Bank in Connecticut by Forbes Magazine, Liberty maintains a longstanding commitment to superior personal service and unparalleled community involvement.