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

FHA Streamline Mortgage Loans in Connecticut

Connecticut

FHA Streamline Mortgage Overview

An FHA Streamline Mortgage is a great resource for borrowers that already have an FHA loan.  FHA loans are a federally insured home loans that allow borrowers to take advantage when rates begin to drop.

Even more, the FHA streamline mortgage program does not require an appraisal and is a fairly easy underwriting process.

Loan Term Options

With an FHA Mortgage Loan, you can choose terms of 30 years, 25 years, 20 years, or 15 years.

Benefits of an FHA Streamline

  • No appraisal needed.
  • Perfect credit is not required
  • Closings can occur in as soon as 30 days or less
  • Less financial documents are required than a traditional mortgage
  • 1-4 Unit properties can be streamlined
  • Competitive interest rates.

Loan Requirements

Borrowers are not permitted to take cash out on a streamline loan.  Furthermore, there also needs to be a benefit to the borrower in a reduction of rate and monthly payments.

At Northeast Financial, we specialize in FHA Streamline Loan financing throughout the state of Connecticut.  The pre-approval process is easy, and we will work with you every step of the way.  Please call or email us today so we can discuss your options.

 

Thanks,

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Michael Meyer
Northeast Financial
NMLS#117875
Mike@northeast-mortgage.com
860-876-0572

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
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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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