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

Connecticut Construction Mortgage Program

Connecticut

Connecticut Construction Mortgage Program

Northeast Financial of Connecticut is your state-wide mortgage company for all of your home loan needs.  We specialize in Connecticut Construction Mortgage and Land Loans.  Furthermore, we are able to offer you both loans in one closing.

With the FHA One Time Close you are able to finance both the land and the construction.  Even more, we will work with you every step of the way.  We pride ourselves on our customer service as well as our knowledge in Land and Construction underwriting.  As a result, your loan will close with ease.

 

Connecticut Construction Mortgage Guidelines:

  • Minimum 620 credit score
  • 3.5% down-payment
  • One time appraisal, closing costs, underwriting and approval
  • No payments until construction is complete!
  • No requalification
  • Designed for manufactured, modular, and stick-built housing

 

How does the Land Loan work?

  • The land can be currently owned (build on own land): recently purchased or free & clear -or even with a mortgage(s)
  • Land may even be gifted
  • Land equity will be used as your down payment.
  • Seller Concessions are allowable to maximum FHA guidelines. Therefore, if you own the land and have equity, you may be able to come to the table with no money down!

 

 

Your dream of building a home just got closer to a reality. Call me today for a free consultation so we can discuss your upcoming Connecticut Construction Mortgage options.

 

 

Thank You,

 

walsh

Patrick Walsh
Mortgage Loan Originator/NMLS 99004
860-213-1398
Patrick@northeast-mortgage.com
210 S. Main St Middletown, CT 06457

Company NMLS#117273

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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.

 

© 2024 Northeast Financial LLC dba Northeast Home Associates, LLC NMLS# 117273
Connecticut Mortgage Broker License # 20995. North Carolina Mortgage Broker #B-176940. Florida Mortgage Broker License #MBR5370. Registered Mortgage Broker New York #RMB 209075
www.nmlsconsumeraccess.org | Equal Housing Opportunity | 48 Meriden Rd, Suite1, Middlefield CT 06455
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Complaint Policy

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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