Connecticut FHA Mortgage

A Connecticut FHA Mortgage is a very popular route for the first time homebuyer who does not have adequate down payment funds. In Connecticut conventional mortgages require a down payment of 10 percent whereas Connecticut FHA mortgages only need a down payment of 3 percent. It is not a program reserved only for first time home buyers. You can buy your third or fourth home with a Connecticut FHA mortgage.

Benefits of a Connecticut FHA Mortgage

• Fixed and adjustable rate options are available.
• Connecticut FHA mortgages permit co-signers.
• You don't have to maintain huge cash reserves in order to qualify for Connecticut FHA mortgage financing.

The Federal Housing Administration (FHA), a wholly owned government corporation, was established under the National Housing Act of 1934 to improve housing standards and conditions. It's goal was to provide an adequate home financing system through insurance of mortgages, and to stabilize the mortgage market.

Today, Connecticut FHA mortgages play a critical role in financing for first time home buyers, Connecticut borrowers who have troubled credit history, and borrowers who have little money to put down on a home.

Whether you are buying your first home, moving to a new home, or want to refinance your existing conventional or FHA loan, a Connecticut FHA mortgage will let you purchase a home in Connecticut with a low down payment and flexible guidelines. We have all the information to take care of your research needs. With no income limits or credit scoring, many people who can afford the monthly mortgage payments and have reasonable credit will qualify for a Connecticut FHA mortgage.

Need more information on a Connecticut FHA Mortgage?

Contact one of our Connecticut FHA mortgage specialists at 1-800-743-9233 or click here to request more information.

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