North Haven Connecticut First Time Mortgages

Posted on November 8, 2016 · Posted in Connecticut First Time Mortgage

At Northeast Financial we pride ourselves on our mortgage knowledge and customer service.  We have great First Time Home Mortgage Loan programs for when you are buying your first house in North Haven.  Here is an overview of our programs:


CHFA Loans: 

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


  • As little as 3.5% down
  • Minimum credit score 620
  • DTI 31% / 43%
  • Both for purchases and no appraisal streamline refinance
  • Click hereto see if subject property qualifies


USDA Loans:

  • 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: 

  • 5% Down
  • Lower monthly payments
  • Conventional Rates


As you can see we have many programs and we are hear to help guide you with which program is best for you.  Call me today for a free consultation.

Thank you,


IMG_0126David Tortora NMLS 88166
Company NMLS 117273
210 South Main Street
Middletown CT 06457



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