48 Meriden Rd, Suite 1, Middlefield, CT 06455
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Category: First Time Home Buyer

20% Down Myth Debunked

March 15, 2021

There is a general consensus that you have to put 20% down to buy a home. Well, I’m here to debunk that myth.  The 20% down was a need many years ago, which led to the remnants of the thought that still echoes today. The truth is, you don’t need to have 20% to put…
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Down Payment Assistance

February 10, 2021

Down Payment Assistance Want to buy a home? Think you need a down payment? No money? Contact Me. bgoulet@northeast-mortgage.com or (860) 881-7392 Down payment assistance (DPA) programs help homebuyers with loans or grants that reduce the amount they need to save for a down payment… Loans (second mortgages) that are forgiven over a set number…
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The Do’s and Don’ts When Preparing to Purchase Your Home!

February 8, 2021

The Do’s and Don’ts When Preparing to Purchase Your Home! We all get excited when it’s time to make that BIG purchase in our life. Whether you are a first-time homebuyer or refinancing your home, there are some guidelines that you should keep in mind. Do’s Get Pre-approved for Your Loan – There are many…
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General Disclosure

When discussing programs that allow for 3.5% down, 0% down, or a percentage down – the borrower is not required to only put that exact percentage down. FHA, USDA, VA, CHFA, Jumbo, and Conventional Mortgages allow borrowers to put down more of a percentage if they desire to. The percentages mentioned in the information provided is the minimum down payment that these programs require. Each one of these programs have specific credit score, debt-to-income ratio, and payment history requirements to qualify for the minimum down payment.

Disclaimer

Northeast Financial is presently in the process of applying for their Mortgage Broker’s license in the state of New York.  Website authorization by the New York State Department of Financial Services is pending.  Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. If you are a New York Resident – please do not submit any information through our website.

 

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The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans arranged through third party providers. Does not make loans, issue a pre-qualification or pre-approval in the state of New York.

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