Northeast Financial’s Connecticut Home Purchase Loan Options

Connecticut Home Purchase Loans


Hello everyone, my name is David Tortora and I am a Loan Officer at Northeast Financial  Today I would like to talk with you about different options you have when buying a home.


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 call or email me with any questions you may have and I will be happy to help 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