News

FHA 203K Loan Program An FHA 203k loan permits home buyers to finance repair or improvements into their mortgage.  This can be done for either a purchase or a refinance.  Borrowers are also able to utilize this loan type for both single and multi-family properties. There are two types of FHA 203k Loans: Standard/Rehab (minimum…
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What is the Best Mortgage for Me? We get asked often by clients: “What is the best mortgage for me to get.”  Before that can be answered you must first decide what type of property you are purchasing. Such as, is it a: Primary Home Second Home Investment/Rental Property New Construction Fixer upper or Flip…
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Getting a Mortgage After a Foreclosure    Financing options for acquiring a mortgage after a foreclosure are limited, but they do exist. More than 5 million American families lost their homes to foreclosure between 2007-2014. Recovering from a foreclosure can take its toll on borrowers. The good news is that people who lost their homes…
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VA Home Loan Program   If you are a veteran looking to purchase a home or refinance and are curious for a product specific to veterans such as yourself, say no more! My name is Ramazan Sinani, I am a Loan Officer with Northeast Financial and I’m here to help you get a better understanding…
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FHA Jumbo Loan Program   The Federal Housing Administration (FHA) assists borrowers of modest means to buy and refinance a primary residence. In high cost areas, such as Fairfield County, the FHA helps borrowers obtain mortgages that exceed the conventional and conforming loan limits of $453,100. Mortgages over that amount are considered non-conforming, or jumbo,…
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An Adjustable Rate Mortgage is Something to Consider! The cost of borrowing money is on the rise, which isn’t the best news for home buyers looking to get a mortgage.  It seems crazy to consider a 5/1 ARM (adjustable rate mortgage) or a shorter term like 15 year fixed rate loan, but for some borrowers…
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Home Construction Loans Have you been dreaming of building a new home but don’t know where to start?  Our new financing option makes it easy with an FHA one-time close construction-to-permanent loan.  This program combines the low down-payment & affordability of an FHA program while fulfilling the increasing demand for new housing in today’s market. …
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Connecticut Reverse Mortgage   If you’re looking for an additional source of funds in retirement, a Connecticut reverse mortgage just might be what you need. A reverse mortgage is a loan against the equity in your home.  As a result, it is like a home equity loan in reverse. It allows seniors that are 62…
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“I Have a Low Credit Score: Can I Still Get a Mortgage?” Just because you don’t have a high credit score doesn’t mean you can’t refinance or purchase a new home. Lenders are becoming less strict about credit scores and are offering loans to people with low scores and blemishes in their credit history. Understanding…
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