Category: Connecticut

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…
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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…
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FHA Mortgage Loan Overview A federally insured home loan that is great for first time home buyers and repeat borrowers alike.  An FHA Mortgage Loan can be used for purchases, refinancing, or streamline loans (no appraisal required if you already have an FHA Mortgage Loan). FHA Home Loans are ideal for borrowers that do not…
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Jumbo Mortgage Loan Program Home prices have shot up in some areas of Connecticut, particularly Fairfield County, to the point where borrowers need jumbo loans, or high balance loans, to purchase them. In mortgage terms, a jumbo mortgage loan refers to loans that exceed limits set by government sponsored entities like Freddie Mac and Fannie…
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Are you looking to get your First Time Home Loan?  Northeast Financial is the one stop company for all your mortgage needs.  We are an award-winning mortgage company that is centrally located in Middletown.  As well, we cover the entire state. Conventional Mortgages Homeready 3% down payment mortgage This mortgage is available to First Time…
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Are you a veteran looking for a Connecticut VA Loan?  My name is Vanessa Brown and I am a part of an amazing team at Northeast Financial in Middletown, CT.  We are an award-winning company dedicated to customer service and finding the perfect fit for your mortgage needs.  First of all, if you are veteran,…
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Buy vs Rent Many people ponder to buy vs rent a home.  Purchasing a home is one of the biggest investments in your life.  If you choose to do so you want to make sure you do it wisely.  There are pros and cons to doing either.  It really depends on your personal goals and…
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Homebuyers with low credit scores still have options If you are ready to buy a home, but your credit score is not that great, you still have options.  People have low credit scores for many different reasons.  Maybe you haven’t built up your credit enough or maybe you have too much debt.  FICO credit scores…
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Connecticut Multifamily Mortgage Loans Are you looking to make an investment and have your mortgage covered? You might want to consider applying for a Connecticut multifamily mortgage. A multi-family property can be a duplex or a 2 to 4-unit home. Their are two main types of multifamily loans: FHA and Conventional Mortgages.  Owner-occupants may choose…
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