Real estate blog entries tagged with no money down by George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut

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Home : Blogs : George Souto : George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut : Tag "no money down"

no money down: Mortgage/Loan Programs with Low or No Downpayment Still Available In Connecticut – CHFA/USDA - 08/19/09 01:50 PM

The Connecticut Housing Finance Authority/Rural Development USDA Mortgage is a combination of both a Connecticut Housing Finance Authority (CHFA) Mortgage and a Rural Development USDA Mortgage. What that means is that this Mortgage/Loan Programs with Low or No Downpayment Still Available In Connecticut – CHFA/USDA is funded by CHFA, but insured by USDA. As a result this Loan Program has to meet the stricter of the two Loan Program Guidelines except for Downpayment and Monthly Mortgage Insurance (PMI).
Presently the basic CHFA Loan Program requires a 3.5% Downpayment because the basic Loan Program is FHA insured. CHFA does allow the Borrower … (5 comments)

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George Souto

Middletown, CT

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George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut

Address: One Liberty Sq., PO Box 1000, New Britain, Ct, 06050

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