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

Category: Renovation

Big News for Homebuyers: 203(k) Limit Increases from $35K to $75K!

In today’s competitive real estate market, many buyers are struggling to find affordable homes. With rising home prices and higher interest rates, it can feel nearly impossible to buy a home that doesn’t need significant repairs or updates. But recent changes to the FHA 203(k) loan program could provide some much-needed relief for new homebuyers.…
Read more

Great House, Great Neighborhood, But the kitchen!

Location, location, location. The key to any real estate transaction is location, and when buying a home, you always put that first. You found a great house, in a great neighborhood but the kitchen is small and outdated, the appliances are old, and the lights are awful. If only that kitchen were new, the home…
Read more

WHY RENOVATE with a REFINANCE?

RENOVATIONS WHY RENOVATE with a REFINANCE? Renovating, remodeling, and repairing your home. Why now? In today’s purchase market, there are a lot of people looking for homes but, there is not a lot of inventory available. So, instead of leaving your home you own with or without a current mortgage, stay a while longer. If…
Read more

Which Renovation Loan is Right for You?

  A Renovation loan can be a convenient and economical way to make renovations or repairs without having to pull equity from a home or applying for a second mortgage. Now Borrowers can purchase, or refinance a home and renovate it, all in one loan – one application, one closing, and one monthly payment.  FHA…
Read more

FHA Rehab Mortgage Programs

These programs are specifically designed for those who wish to repair, improve, or upgrade an owner-occupied home they own or would like to buy. The FHA 203(k) allows homeowners to finance rehab costs within a single mortgage — rather than having to obtain a separate loan to finance the cost of repairs or walking away…
Read more

Renovation loans

Renovation loans are a great choice for borrowers because they only have to deal with one single loan to cover both the purchase price and the renovations. This means only one payment with lower interest rates. There are several loan options to choose from if you decide to buy a home that is in need…
Read more

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…
Read more