Increase for CHFA Mortgages Now Official
On May 6, the legislative Finance Committee approved a bill regarding the maximum amount CHFA has to use for uninsured mortgages. As of last week…
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FHA Appears Headed Toward a Bailout
After the housing market crashed in 2007, the FHA was the only agency, government or private, to see gains in the years that followed. As a result…
Read moreBill Would Allow CHFA to Increase Amount for Uninsured Mortgages
On May 6, the Connecticut Post pointed out a change coming to the Connecticut Housing Finance Authority. A bill approved that day in the legislative…
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What’s More Expensive: FHA or Privately-Insured Mortgages?
For those that don’t know, FHA loans are the most common government mortgages. In a time when lending standards for conventional loans continue to…
Read moreIs the Housing Market Improving? Recent News Stories Detail Ups and Downs
In an interview with The Street, published on February 5, Ellie Mae CEO Sig Anderman stated that the housing market is improving. But such an…
Read moreIs the UR Home Program for You?
Among government mortgages offered in Connecticut, one program geared toward rehabilitating towns and neighborhoods in the state is UR Home. Also…
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Is a VA Loan the Right Mortgage Program for You?
While standards for conventional mortgages are increasingly tighter, VA loans remain as one of the more straightforward and easiest to qualify for…
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Types of FHA Loans
Now increasing in popularity, FHA loans are geared toward low- and moderate-income homebuyers. Yet, even with its looser qualifications, this…
Read moreConsidering an FHA Loan? Here are the Basic Points
Lending standards for conventional mortgages, in recent years, have become stricter and tighter. In response, FHA loans, with somewhat looser…
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CHFA Loans: What to Keep in Mind?
Did you know that McCue Mortgage, with locations in New London and New Britain, is the No. 1 lender of CHFA loans in the state? A program specific to…
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