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48 Meriden Rd, Suite 1, Middlefield, CT 06455
844.788.7237
info@northeast-mortgage.com

Category: FHA 203k

FHA removes one more barrier to home ownership for borrowers with student loan debt.

Since April of 2016 FHA has required lenders to use the greater of 1% payment based on the balance of any outstanding student loan debt or the actual payment as reported on the borrowers credit report.  With the cost of education only going up perspective homebuyers with $100K or more in student loan debt have…
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No Down Payment? No Problem!

Are you currently renting a home because you can’t afford a down payment? You might be eligible to receive government assistance in the form of a grant equal to 2% or 3.5% of the purchase price of your new home to cover your down payment. Down Payment Assistance may be combined with up to 6%…
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Rehab and Renovation loans in Connecticut

There are many different options available to borrowers who are interested in repairing their future home to make them move in ready or to make updates/fixes to their current homes they currently live in. These programs all fall under their individual mortgage categories such as FHA, Conventional, USDA and VA. Most commonly, FHA, has three…
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Down Payment Assistance for Connecticut Home Buyers

Buy a fixer-upper with the help of down payment assistance.   Looking to take advantage of a program for down payment assistance? These programs can help by providing a grant equal to 2% to 3.5% of the purchase price. You can even these programs in combination with a renovation loan.    Some key facts about…
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Connecticut FHA 203K Loan Options

Connecticut FHA 203K Loan Looking into buying your first home? Found the perfect house but, it needs some work? Looking to put only 3.5% down? Then a Connecticut FHA 203k loan might be what you are looking for. This loan product has all the same qualifications as a typical FHA loan with addition to a…
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FHA 203K Mortgage Rehab Loans in Connecticut

FHA 203K Mortgage Without specific updates and repairs, a home might not be suitable for living, and lenders might not be willing to fund loans on a property with problems.  That is why FHA 203K Mortgage Loans are a great resource. FHA 203k mortgage loans makes it possible for you to purchase and turn that…
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How FHA 203K Rehab Mortgage Loans Work

FHA 203K Without specific updates and repairs, a home might not be suitable for living, and lenders might not be willing to fund loans on a property with problems.  That is why FHA 203K Mortgage Loans are a great resource. FHA 203k loans makes it possible for you to purchase and turn that property from…
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Fix and Flip Connecticut Investor Mortgage Program

Ideal for Investors First of all, do you have an interest to Fix and Flip residential properties in Connecticut? Here at Northeast Financial we offer a very unique product known as Fix and Flip Financing. This product is great for investors because it provides a line of credit that allows you to fix and flip…
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Connecticut Land Construction Home Loans

Connecticut Land Construction We are your Connecticut Land Construction resource.  At Northeast Financial, we cover the entire state of Connecticut for when you need a mortgage.  More specifically, we offer a 1 Time Close Ground Up Construction Home Loan program.  That means we can help you buy the land and build the house of your…
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FHA One-Time Close Construction Loans

Ground Up Construction First of all, have you been dreaming of building a new home?  Do you know where to start or how a construction loan works?  Our new financing option makes it easy with an FHA one-time close construction-to-permanent loan.  This program combines the low down-payment and affordability of an FHA program.  As a…
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