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Buying a Home in Connecticut and How to Get Your Mortgage Closed Fast!

At Northeast Financial our focus is on you – the borrower.  We are a Connecticut Mortgage Company that offers financing solutions for purchase loans that not only caters to First Time Home Buyers but Repeat Buyers as well.

 

We offer several 100% financing solutions that include CHFA Loans, USDA Loans, and VA Loans.  As well we offer solutions for very little down with our FHA (3.5% down) mortgage and a Conventional Mortgage (as little as 3% down).  We also offer solutions where the borrower does not have to pay PMI (the lender pays it for you in the rate).

 

We work with people buying a home as their primary residence, people buying vacation homes, and people buying investment properties.

 

Call me today and lets discuss your options and how we can assist you with not only getting your loan closed quickly – but getting it closed the right way that fits your needs.

 

Thanks,

 

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Drew Raney/NMLS#117309
President of Northeast Financial
210 S. Main ST. Middletown, CT
drew@northeast-mortgage.com
860-788-7237

 

 

Company NMLS#117273 

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Residential Clients Click Here For Our Online Application

 

 

1% down disclosure

NMLS# 117273, Northeast Financial, 860-788-7237

Borrower contributes 1% down, lender contributes 2% down of the loan up to $5,000.00 for the down payment, and the borrower is responsible for any difference to get the required 3% down.  The principal and interest payment of a 200K 30 year Fixed Rate Loan at 4.375% and 97% loan to value is 998.57 with 0 points due at closing.  The annual percentage rate is 4.633%.  The principal and interest payment does not include property taxes and home insurance premiums, which can result in a higher actual monthly payment.  Rates current as of 06/20/2017

 

3% down disclosure

NMLS# 117273, Northeast Financial, 860-788-7237

The principal and interest payment on a 200K 30 year Fixed Rate Loan at 4.375% and 97% loan to value is 998.57 with 0 points due at closing.  The annual percentage rate is 4.433%.  The principal and interest does not include taxes and home insurance premiums, which can result in a higher actual monthly payment.  Rate current as of 06/20/2017

 

FHA Disclosure

NMLS# 117273, Northeast Financial, 860-788-7237

The principal and interest payment on a 203,500 30 year FHA fixed rate loan at 3.25% on 96.5% loan to value is 1,025.99 with 0 points due at closing.  The APR is 4.491%.  Payments include a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and monthly MIP is calculated at .85% of the base loan amount.  The .85% monthly MIP is required for a specific period of time regardless of your down payment or equity in your home.  The principal, mortgage insurance, and interest payment does not include property taxes or home owner’s insurance premiums, which will result in a higher actual monthly payment.  Rates current as of 6/26/17