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Connecticut Fixed Rate Home Loans

Northeast Financial is your Connecticut Mortgage Company for all of your home financing needs.  We are located right in the heart of Connecticut, in Middletown, and cover the whole state.  We are a full service mortgage company that work with First Time Home Buyers, Seasoned Home Buyers, Veterans, Rural Loans, Streamline Refinances (NO Appraisal), Rate Term Refinances, Cash Out Mortgages, Rehab Loans, Investment Property Loans, and Commercial Mortgages.

Today we are going to discuss our Fixed Rate Options.  This is a popular program we offer in that Mortgage Interest Rates are at an all time low – which means a huge savings for borrowers.

With Northeast Financial we are able to offer you fixed rates with your choice of terms: 30 years terms, 25 year terms, 20 year terms, 15 year terms, and 10 year terms.  On purchase loans we have programs that all for 100% financing  (CHFA, USDA, and VA Loans) with fixed rates and we also have 3% down conventional mortgages and 3.5% down FHA Loans.

On our Refinance Loans we offer great programs for our borrower that not only allow you to take advantage of low fixed rates and we also have NO PMI loan options as well – which can make for an even bigger monthly savings.

No matter what your home loan needs are – we have the fixed rate solution to meet your needs.  Our experienced staff of loan officers will work with you every step of the way to assist you throughout the entire process.

Call today for a free consultation at 860-788-7237 or call me directly with my contact information below.

Thanks,

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

NMLS#117273 

 

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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