NEW FAIRFIELD, CT Mortgages-As little as 1% FIXED. There is a special program from the US Government that offers mortgage financing for low to moderate income people in rural areas such as Brookfield. They define "rural areas" as Towns with a population of less than 20,000 per the LAST census. When the figures from the new census are released some Towns that now have a population greater than 20,000 will be eliminated from this program.
THIS FINANCING IS AVAILABLE IN ALL STATES. CALL ME FOR MORE INFORMATION.
WHAT IS LOW TO MODERATE INCOME FOR BROOKFIELD, CT? The definition of low to moderate income depends on the number of people in the family that are purchasing a home in Brookfield. For instance:
A family of four purchasing in Brookfield can make no more than $53,800 per year to qualify for the "Very low income rate" while a family of four can make no more than$79,650 to qualify for the "Moderate income rate". In general, the more people in your family, the higher the income limits.
WHAT WOULD MY MONTHLY PAYMENT BE?
At the "very low income rate" a family of four would qualify for a total monthly housing payment of no more than $1,300 per month which is less than most rents in Brookfield.
HOW MUCH HOME COULD WE QUALIFY FOR FOR @ $1,300 PER MONTH?
1300-400(monthly tax estimate)=900
900-50(monthly insurance estimate)=$850.00 for principle and interest.
$850.00 at 1% =263,975 PURCHASE PRICE with NO MONEY DOWN!!!
HOW MUCH HOME CAN WE PURCHASE ??Search for homes in BROOKFIELD at http://www.marvinbeninson.listingbook.com
There are purchase price limits and other area Towns that also qualify for this program. For a list of other area Towns that qualify for this program please call The BeninsonAssociates @ 203 733-0147 or visit our web-site at http://www.TheBeninsonAssociates.com
HOW LONG CAN THIS PROGRAM LAST???
The program is currently funded but is subject to funds expiring according to the budget. DON'T WAIT!!! Where else can you find a fixed rate this low!!!!
NEW FAIRFIELD, CT MORTGAGES-As little as 1% FIXED