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Connecticut Home Mortgage Loans

Posted on October 18, 2016 · Posted in Connecticut First Time Mortgage, Connecticut Home Purchase Mortgage

Connecticut Home Mortgage Loans is what we specialize in at Northeast Financial.  We are located in Middletown, CT and cover the whole state of Connecticut.

Whether you are a first time home buyer, purchasing a home, are looking to refinance, or for a reverse mortgage – we are here to assist you.

Northeast Financial is able to help you with Conventional, FHA, USDA, Jumbo, 1% Down, CHFA, and VA.

Conventional Mortgages-

This product is suited for the borrower with very good credit that makes good income and is looking for the best rate and payment options available.



This product is great if you are looking to buy in any USDA regulated zone because it offers 100 percent financing and very competitive rates.  Also a good benefit about USDA loans is that the monthly private mortgage insurance is very low.


Veteran loans – 

This is another great loan product offered to active or retired military.  Some great features of this product is it offers 100 percent financing, no private mortgage insurance, and very good rates.



This is a great government product as well because the underwriting guidelines are much more lenient than conventional loans.  This loan also uses a higher percentage of your income to qualify you which means you can buy more house.  This program also offers very good rates and requires you to put a minimum of 3.5% down.


First Time Home Buyer Mortgages-

We offer CHFA home loans that allow you to finance up to 100% of the house you are looking to buy in Connecticut.  These loans have PMI and the rates are very low.


Please give us a call today at 860-788-7237 or email me at the address below for a free quote.  We look forward to helping you get your loan closed.

We are more than happy to come out and meet you in person or have you come to our office.

johnv_picJohn Vecchitto / Loan Officer
NMLS# 1127163
210 S. Main St. First Floor
Middletown, CT 06457
860-918-0251 (Cell)
860-788-7237 (Office Phone)
Company NMLS 117273




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


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