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

Connecticut Fix and Flip Mortgage Program for Investors

Connecticut

Fix and Flip Mortgage Program

Doing a Fix and Flip Mortgage does not need to be difficult.  At Northeast Financial we work with you every step of the way during the process.  Even more, our experienced staff will meet with you in person to discuss your options.  This program is ideal for investors that want to either do the rehab themselves or contract the services out.

Fixing and Flipping Line of Credit

The Fix and Flip Line of Credit allows the borrower/Investor to draw out money as he or she pleases.  This is done for the purposes of buying as well as fixing and ultimately flipping the property.  Or the property investor may choose to refinance and then rent out the properties! Here is a quick overview of the program:

1. You have to have experience with Flipping properties.  Or a borrower must have active rental income within the last 2 years.

2. And borrowers can purchase multiple properties with this line of credit.  Also, the credit line is a maximum of 1MM.

3. In addition, the standard length of this program is 9 months.  And extensions are available for longer!

Eligible Properties

– Single-family detached residences (SFR).
– 2-4 unit residences.
– Condominiums.
– Townhomes.
– Planned Urban Developments (PUD).
– Multi-family of 5-20 units.

 

Due to the high demand for this program, we often offer seminars on this loan program.  While these seminars do fill up quickly, we offer several of them throughout the year.

In conclusion, if you have any questions about Fix and Flip Mortgage Financing or for a general mortgage consultation or for a pre approval  please call us today!

 

Thanks,

 

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Michael Meyer
Senior Vice President of Northeast Financial
NMLS#117875
Mike@northeast-mortgage.com
860-876-0572
210 S. Main St Middletown, CT 06457

NMLS#117273 

 

 

 

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Residential Clients: Click Here For Application

 

 

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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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