Rates are Outstanding!

j0398795.jpg30 year fixed 5.25% with 1 point
30 year fixed 5.5% with Zero points
CHFA 30 yr Fixed is 5.25% with 1 point for First Time Homebuyers
FHA 30 yr fixed 5.875% with Zero points AND reduced Private Mortgage Insurance
JUMBO loans to 1.5 Million 30 year fixed @ 6.125% Zero Points
5.75% JUMBO 5/1 Arms at 5.75% with Zero points
 
Yes we still can do No Income Verified loans.  Yes we can still do NO Documentation Loans.  Yes we can do Investment properties with only 10% down (1-2 units).  And Yes I will still offer the 10% off all Closing Costs.

Scott Mastropietro
Senior Loan Officer, N E Moves Mortgage, LLC
Direct:203-982-9566 Private E-Fax: 781-663-6638
Email: scott.mastropietro@NEMoves.com

FHA Loan Limits Have Increased for New Haven County in CT

j0398775.jpgGreat news for the New Haven County area, Scott (Loan Officer) just passed this information on to us regrading rates in  Milford CT.

” Please review the new FHA loan limits in New Haven County, this increase is great news for buyers with less than perfect credit and looking to put little money down!  Also, the Federal Legislature has past a bill stating that Mortgage Insurance will remain a tax deduction until 2010 at least.    To go with the new limits FHA rates are as good if not better than Conventional rates at this time.”

  If you have any questions or would like more information on FHA any of this information or FHA in general please feel free to give Scott a call.
 
MSA Name              MSA Code  – 353000 –           One-Family-    $294,500    
NEW HAVEN-                                                            Two Family –   $331,700
MILFORD CT                                                             Three Family -$403,000 
Last Revised 01/01/2008                                        Four Family – $465,000   
    

Scott Mastropietro
Senior Loan Officer, N E Moves Mortgage, LLC
Direct:203-982-9566 Private E-Fax: 781-663-6638
Email: scott.mastropietro@NEMoves.com