Couple_980x399

Mortgage Resources for Connecticut Borrowers

Posted on December 9, 2015 · Posted in Connecticut Mortgage Company, Uncategorized

Connecticut Mortgage Resources

Northeast Financial is your Connecticut resource for home purchase loans and mortgage refinancing.  We are located in Middletown, CT and work with homebuyers and people looking to refinance throughout the whole state. We offer USDA (100% financing loans), Veteran (VA – also up to 10% financing) Loans, Conventional Mortgages, No PMI Loans, CHFA (first time buyers), FHA (both for purchases and the No Appraisal streamline refinance), Reverse Mortgages, Investment Property Loans, Rehab Loans, and Commercial Real Estate Loans.  At Northeast Financial (Connecticut’s Premiere Mortgage Company), we pride ourselves on helping you learn more about the process and are willing to work with you every step of the way.

 

Here is some helpful information on some of the loans we offer:

 

CHFA Loans: 

  • Eligible for 100% FINANCING
  • Minimum credit score is 660
  • DTI 31% / 43%
  • Competitively low interest rates
  • Discounts offered for teachers, police, and the military

 

FHA: 

  • As little as 3.5% down
  • Minimum credit score 620
  • DTI 31% / 43%
  • Click here to see if subject property qualifies

 

VA:

 

USDA Loans:

  • NO MONEY DOWN
  • Minimum credit score is 620
  • DTI 29% / 41%
  • Property must be in eligible area
  • Specific income requirements
  • To find out if a property qualifies, click here.

 

NO PMI Loans: 

  • Less than 20% down
  • Lower monthly payments
  • Can borrow 97% of the purchase price

 

At Northeast Financial (Connecticut’s Premiere Mortgage Company), we pride ourselves on helping you learn more about the process and are willing to work with you every step of the way.

 

Thanks,

 

IMG_0114

 

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

 

 

 

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 Our Online Application

 

 

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