No PMI Mortgage Loans

Private Mortgage Insurance better known as PMI, is a common component to mortgages where the borrower is buying a house with less than 20% down. PMI is an add on to your mortgage payment that can increase your monthly payment from $75 to $125 per $100,000 borrowed depending on the program. Northeast Financial has several programs with no PMI that will allow a buyer to obtain a mortgage with less than 20% down and not incur the additional cost of the PMI. These are lender paid PMI programs that are designed to help the borrower with their purchase and provide benefits that work to your advantage.

1. No PMI gives you greater buying power which allows you to buy more house.
2. You can borrower up to 97% of the purchase price.
3. The interest rates are competitive and low.
4. We can customize the loan program to fit your needs and goals.
5. There is no need to apply for a release of your PMI when you have reach in 20% in equity.

Northeast Financial works with communities all over the state. I am happy to help you navigate through the mortgage process. Whether you’re looking to refinance or purchase a home, we offer a wide array of mortgage products including FHA, CHFA, USDA, Conventional, VA, Reverse, and Jumbo Loans. We offer a free consultation either over the phone or in person to go over all your options. If you prefer, I can come out and meet you personally or you can come out to our office. I’m here to answer any questions in the meantime.

Give me a call today at 860-918-0251 or email me at johnv@northeast-mortgage.com