News

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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No PMI Mortgage Options Obtaining a No PMI Mortgage (Private Mortgage Insurance) may seem impossible but there are ways to avoid that added monthly expense. What is PMI? PMI (Private Monthly Insurance) is often required by lenders as part of a conventional mortgage to protect them in case you end up in foreclosure. PMI is…
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Buying vs Renting Save money every month by becoming a homeowner rather than a renter.  Pay yourself and not a landlord.  What you pay in rent every month is many times equivalent to what you would pay for a mortgage.  Did you also know there are cities in CT that are more economical to own…
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If you aren’t sure if you should buy a home during the fall or winter months, you should read this article! Buying a home now may be better and here’s why. Should I Buy A Home Now or Wait Until the Spring? There are many questions homebuyers ask themselves during the homebuying process. “How much can…
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Northeast Financial is your Connecticut resource for either buying or refinancing your Condominium.  We are located right in the heart of the state (Middletown) and close loans throughout all of Connecticut.   We offer many different loan types for your Condo.  If you are purchasing, we offer 100% financing options with CHFA Loans and VA Loans. …
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