Residential and Commerical Mortgages

Conventional

A Conventional Loan is ideal for borrowers that have 20% or more of equity in their purchase or refinance that wish to avoid paying mortgage insurance.

USDA

USDA loans are a great option for borrowers looking to purchase a property in rural areas. Up to 100% financing available for those that qualify.

FHA

A federally insured home loan that is great for first time home buyers and repeat borrowers alike.  It can be used for purchases, refinancing, or streamline loans.

Construction & Rehab

A construction mortgage allows for construction of a 1-4 family residence. A rehab mortgage allows borrowers to do minor repairs & purchase new appliances.

VA

A Veteran Home Loan is a program meant for the men and women who have served our country.  VA Mortgages can be used to purchase or refinance a home.

Reverse Mortgages

A Reverse Mortgage allows borrowers 62 years of age or older to utilize the equity in their home to make repairs, invest, or to supplement their monthly income.

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for your first home or your dream home.

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Latest News

  • No Money Down Home Loan Programs

    100% Mortgage Financing Options First, no money down home loan options do exist in Connecticut.  At North East Financial, there are many different options available for 100% mortgage financing or little money down.  All of these programs have different requirements and not everyone will qualify. No Money Down Home Loan Programs: VA Loan:  If you

    April 22, 2019
  • Mortgages for the Self Employed

    Self  Employed  Mortgage Programs Mortgages for the self employed used to be in abundance.   If the borrower showed a strong annual income and assets then getting a conventional or FHA loan was relatively easy. Self employed mortgages were made readily available with creative financing.  This was done by offering “Stated” Residential Mortgages or “No Income No Assets” (also

    April 17, 2019
  • Connecticut Reverse Mortgage Program

    Connecticut Reverse Mortgage Program Overview I think many would be surprised to find out that the first reverse mortgage (also known as an HECM) was done over 50 years ago.   The first reverse mortgages were originated in Portland Maine. A local banker came up with the idea that allowed the widow of his high

    April 15, 2019