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

Rehab

Rehab Mortgage

A Rehab Mortgage can be done by both Conventional and FHA Loan Programs. This program allows borrowers to do minor repairs, purchase new appliances, and do additions to properties for both a purchase or a refinance.

Loan Term Options

Rehab Home Loans can be done with 30 years, 25 years, 20 years, 15 years, or 10 years terms.

Situations Where You May Get a Rehab Mortgage

  • To Increase the value of your home.
  • To make minor repairs to your property like windows, painting, flooring, and etc.
  • To make major repairs like additions.
  • To put new appliances in the property.

Benefits of a Rehab Home Loan

The major benefit of doing a Rehab Mortgage is that you get to design and repair a property to make it your Dream Home.

Loan Requirements

Depending on what county you are in (as well as loan type) there are loan limits with a Rehab Loan.  To learn more about this please call us today for a free consultation.  Our Loan Officers are looking forward to assisting you with any questions you may have.

 

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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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