FHA Connecticut Mortgage Loans

Hello everyone, this is John Vecchitto, a local loan officer with North-East Financial in Middletown, CT. Not sure if your current finances will let you qualify for a mortgage? A FHA mortgage could be your solution!

FHA home loans were created to make it easier for home owners to qualify for a loan, whether to buy a home or refinance a mortgage. FHA home loans can benefit almost all home buyers and refinancers – first-time home buyers, military families, lower-income families and homeowners who don’t want to tie up a lot of cash in their homes.

Qualifying for a FHA loan is less difficult than other loan options. With a FHA mortgage, you can buy a home with a down payment as small as 3.5% and lower credit scores.

With an FHA loan, you are able to use gifts (such as borrowed money or a monetary gift from a family member) towards down payments and closing costs. Additionally, there are no prepayment penalties with a FHA mortgage, allowing you to pay off your home early without having to worry about paying an extra fee.

Refinancing with a FHA loan is also very easy – and the rates are still at an all time low.  We offer both the FHA refinance and the FHA streamline refinance (no appraisal needed).

So if your one of the thousands of people everyday thinking about purchasing a home, give me a call to go over all your options. Feel free to call or txt me on my cell which is 860-918-0251, or email me at


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


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