Connecticut Condo Mortgage Loans

Northeast Financial is your Connecticut resource for either buying or refinancing your Condominium.  We are located right in the heart of the state (Middletown) and close loans throughout all of Connecticut.

We offer many different loan types for your Condo.  If you are purchasing, we offer 100% financing options with CHFA Loans and VA Loans.  We have 3% down options with Conventional Loans as well as 3.5% down options with FHA.  As well we offer No PMI solutions, 1% Down Loans, and Jumbo Condo Loans (417K and up).  All of the rates we offer are very competitive.

If you are refinancing your condo then this is a great time.  Rates are beginning to rise a bit – so now might be the time to refinance into a better Rate/Term before they go up any higher.  We offer Conventional Refinances and Streamline Mortgages with No appraisals needed (this is only for people that presently have a VA or FHA loan).

We are more than happy to come out there in person and speak with you about your options for your upcoming loan.

 

Call me today for a free consultation.

Thank you,

IMG_0088

Michael Meyer
Senior Vice President of Northeast Financial
NMLS#117875
Mike@northeast-mortgage.com
860-876-0572
210 S. Main St Middletown, CT 06457

Company NMLS#117273 

http://www.zillow.com/profile/MichaelMeyer8/

https://www.linkedin.com/company/north-east-financial

https://www.facebook.com/pages/Northeast-Financial-Mortgage/143761005796033

Residential Clients: Click Here For 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