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

Connecticut Jumbo Mortgage Loans In Fairfield County

Jumbo Mortgage

You Don’t Have to be a Millionaire to live in Fairfield County, Connecticut

If you are looking for a home in Fairfield County you area already aware of what a jumbo mortgage is.  You also already know the median home value in Fairfield County is approximately $525,800; yet according to Zillow, the current median listing price in Fairfield County is $725,000. Typically, any loan larger than $679,650 in Fairfield County will fall under Jumbo Mortgage Lender Guidelines. Don’t fret…Jumbo Home Loans are not complex and are very attainable.

Historically, Jumbo mortgage rates have been slightly higher, but since the mortgage crisis of 2007 Jumbo Mortgage Loans have been comparable to Conforming Mortgage Loans due to the stricter rules throughout the mortgage industry. North East Financial offers a great Jumbo Loan pro-gram for Fairfield County and surrounding counties in Connecticut.

Guidelines for Jumbo Mortgage Loans in Fairfield County

  • Primary Residence or Investment Property
  • Purchase or Refinance
  • $679,650 to 3 million
  • 660 Credit Score (or higher)
  • 30 year or 15 year terms (as well as 5, 7 or 10 year ARMS)
  • Up to 90% LTV with No PMI options
  • Minimum of 10 % down for a purchase or 10% equity to refinance
  • Higher debt to income ratios (maximum of 43%-50%) considered

Call me today for a free consultation and we can discuss your Jumbo Loan Refinance or new home purchase.  I will work with you every step of the way.

Donna Vanderpoel
Mortgage Loan Originator #1712575
Northeast Financial #117273
210 South Main St. Middletown, CT
203-988-6975 Cell
860-788-7237 Office
donna@northeast-mortgage.com

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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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Connecticut Mortgage Broker License # 20995. North Carolina Mortgage Broker #B-176940. Florida Mortgage Broker License #MBR5370. Registered Mortgage Broker New York #RMB 209075
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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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