Connecticut Home Mortgages, CT FHA Loans, CT VA Mortgage Loans, CT First Time Home Buyers

Federal Housing Administration - FHA Mortgage Loans

Military Veteran's and Those Serving Our Country - VA Mortgage Loans

Connecticut FHA Mortgage Loan Specialists - Connecticut VA Mortgage Loans Specialists

Below is some helpful information on FHA Mortgage Loans and VA Mortgage Loans.

To get started immediately click here for our FHA and VA Loans on-line application.

Federal Housing Administration Loans
Veteran Affairs Loans

FEDERAL HOUSING ADMINISTRATION LOANS

This loan is insured by the Federal Housing Administration. It is open to all qualified home purchasers.

FHA Mortgage Loan Products

FHA Loans - Buying a Home using a FHA Loan
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The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:

• Minimal Down Payment and Closing Costs.

• Downpayment 3.5% of Sales Price
• 100% Financing options available with approved down payment assitant programs
• Gift for downpayment and closing costs allowed.
• No reserves or required.
• FHA regulated closing costs.
• Seller can credit up to 6% of sales price towards buyers costs.

• Easier Credit Qualifying Guidelines such as:

• FHA will allow a home purchase two years after a Bankruptcy.
• FHA will allow a home purchase three years after a Foreclosure.

• Easier Debt Ratio & Job Requirement Guidelines such as:

• Higher Debt Ratio's than other home loan programs.
• Less than two years on the job is allowed in many cases.
• Self-Employed individuals o.k.

These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers.

You do not have to be a first time buyer to obtain a FHA loan, anyone may use a FHA loan as long as you do not have more than one FHA insured loan at any one time.

VETERAN AFFAIRS LOANS

The VA Mortgage Loan Program can make it much easier for Veterans to secure a home loan by eliminating the need for a down payment. Also, with careful structuring of the purchase contract, the Veteran can avoid needing cash for closing costs as well.

A VA Mortgage Loan offers a variety of financial benefits for those who qualifies. Over 60 million Americans qualify for benefits from the VA, but many people fail to take advantage of those benefits.

A VA Mortgage Loan can help you purchase a more expensive house,obtain a lower interest rate and offers 100% Financing! Are you eligible for a VA Mortgage Loan? Find out more about VA Mortgage Loans and Zero Down 100% Financing Without Mortgage Insurance for your Home Purchase or Refinance. Let Benchmark Mortgage help you get the a VA Loan at very competitive interest rates. APPLY NOW For A VA Loan.

Requirements

• You must be an eligible veteran who has available home loan entitlement.
• Your home must be occupied or be occupied in your ownership within a reasonable period of time after closing the loan.
• You must have sufficient income to meet the new mortgage payments on the loan, this includes the costs of owning a home, taking care of other obligation and expenses, and income to support your family.
• A good credit score is required.

CHFA - First Time Home Buyer Mortgages - Click here for information

Connecticut FHA and VA Home Loans - Apply Online

Connecticut VA Loans / Connecticut FHA Loans / Connecticut CHFA Loans

CT VA Mortgages | CT First Time Home Buyers | CT 100% Mortgage Loans