Special offer

Connecticut Housing Finance Authority (CHFA) 4.375% 30 Year Fixed

By
Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

 

The Connecticut Housing Finance Authority (CHFA) is at 4.375% for a 30 Year Fixed for the forth consecutive week.  This is the lowest that I can remember the CHFA Interest Rate being at, and the fact that it is at that rate for a forth consecutive week is amazing.

The rate gets even better if the Borrower is a Teacher, Military Veteran, Buyer purchasing in a Targeted Area, or a Police Officer in a participating town.  If a Borrower is in one of these special categories they will receive and additional .125% to .250% off the rate.

The CHFA Program is for First Time Homebuyers, but existing Homeowners who are purchasing in a Targeted Area, also qualify for this program, and an additional .250% off of the rate.  That would make their Interest Rate 4.125% on a 30 Year Fixed Loan.

The CHFA rate only comes out on Thursdays, which means that a Borrower the qualifies for a CHFA Mortgage and goes under contract by next Thursday morning, can lock in at this amazing low rate.

If you would like to read more about the CHFA Loan Program just click on the links that I have provided below.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

Posted by

George Souto
NMLS# 65149

C (860) 573-1308
CALL 7 Days/Wk
Fax (860) 760-6891

Email Me
About Me
My Blog

I am a Mortgage Loan Officer who can assist you with all your mortgage & refinancing needs in
CT, and RI

I can assist you with your Conventional,
FHA, CHFA, VA, USDA, & 203K loan programs.

I reside in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Haddam. E. Haddam, Higganum, Chester, Essex, Deep River.

 

Comments(12)

Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

Hi George!  Now, there really are NO excuses left for those seeking to purchase a home in Connecticut!  Low rates, extended tax credit, low or NO money down, and the best loan officer in the area... GEORGE SUOTO! 

Dec 17, 2009 04:53 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

With rates this low you would think that first timers would be screaming to get a house bought. Maybe they're waiting for Santa to deliver it.

Dec 17, 2009 04:56 AM
Alexander Harb
Knights Investing - Mesquite, TX
Dallas, Texas Real Estate Investing

That is an AWESOME interest rate, George ....... I am glad it is not a teaser rate...... having an interest rate like that will shave hundreds of dollars off a mortgage payment.... Thanks for coming by my blog also.....  =-)

Dec 17, 2009 05:12 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Diane, they are going to have a hard time finding another time like this to be able to purchase a house.  Hopefully they will not let this opportunity slip by.

Ed ........... LOL,  I would want to get on that Santa List too ........... LOL

Alex, CHFA is a great program here in Connecticut, and their rates are usually below the market rate.  They offer up a great opportunity to First Time Homebuyers.

Dec 17, 2009 06:59 AM
Esko Kiuru
Bethesda, MD

George,

What are these CHFA guys smoking? To be able to offer a rate that low is nice. Hopefully plenty of buyers will take advantage of it.

Dec 17, 2009 02:51 PM
Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

George,
Great info as always, I know someone who will be very interested to get this information :)  Sandra

I will tell tell her :P

Dec 17, 2009 03:24 PM
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights

George, There sure are a lot of great programs still out there for home buyers.  :)

Dec 18, 2009 03:08 AM
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

George, This is truly a buyer's paradise, this winter season.  Or, should I say, Holiday Savings on Houses!   It's like spring market, with the cold and snow!

Have a nice Christmas, George!

It's a Good Life,

Fran

Dec 19, 2009 09:06 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

George this sounds like a win win for CT buyers.  I hope many will take advantage of such a wonderful opportunity.

Dec 19, 2009 01:15 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Esko, these are the lowest rates that I can remember, but I do expect them to go up this week since the other rates have been creeping up a little.

Ray, yes I would think she would be interested.  She is near New Haven and that is a great market for CHFA Loans.

Debbie you are right, we just have to stay on top of them.

Charlote, CHFA is a great program, and always has the lowest 30 year fixed interest rate here in Connecticut, and it has a 100% finance option to it.

Frances I would have to agree with you.  These past three to four months have been the best that I have had.

Jennifer, I hope so to because these rates will not stay down this low much longer.

Dec 20, 2009 01:01 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK


George,

This is such a good program for first time home buyers or those looking to buy in targetted areas!

SO -

Home Buyers in Connecticut - You really need to give George Souto a call about mortgages. Get Pre-Qualed and be a more empowered home shopper!

Dec 21, 2009 01:14 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Judi, thank you for the plug.  I hope of the home buyers in Connecticut follow your advice :)

Dec 21, 2009 11:28 AM