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Thomaston CT Home for Sale-Eligible for 100% USDA Financing

Price Reduced for End-of-Year Sale! $196,900 

Charming 4 BR ranch with finished basement on level lot. 174-edgewood

usda 3
Eligible for Up to 100% USDA Financing.
Low Rates! Reduced MI.
Closing Costs can be rolled into loan amount.
Beats FHA and CHFA any day.

Reach out to Rick Cignoli at 860.945.9284 to see if the USDA Guaranteed Get Pre-ApprovedRural Housing Development Loan is the right mortgage option for you  and to take advantage of my FREE Jump Start Mortgage Pre-Approval service.

Then call Sue Holway at Keller Williams to schedule a showing and be ready to make an offer by year-end.

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Watertown CT Homes For Sale -479 Mt. Fair Drive

479 Mt Fair Dr
Move right in to this 3 BR Colonial in sought after Mt. Fair Farm subdivision and let’s be neighbors.

I live down the street and around the corner from this great home and would be happy to welcome you to the neighborhood.

Call Me at 860.945.9284 to discuss your mortgage options and to take advantage of my FREE Mortgage Pre-Approval service. Then call my friend Sherry Cosmos at Westview Properties to schedule a showing and be ready to make an offer.

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22 Judson St. Thomaston CT 06787 For Sale – Eligible for 100% USDA Financing

22 Judson StreetFirst Home Buyers! This large 3 BR ranch has the possibility for an in-law apartment.

And It’s Eligible For up to 100% Financing with a USDA Rural Housing Development Loan. Closing costs can be included in loan amount. Low rates! Low MI!
Beats FHA and CHFA any day!

Call Me at 860.945.9284 for details on the USDA Guaranteed Rural Housing Development Loan and to take advantage of my FREE  Mortgage Pre-Approval service.

Then call Dave Smith at Showcase Realty to schedule a showing and be ready to make an offer.

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12 Maple Avenue Thomaston CT For Sale – Eligible for 100% USDA Financing

First Home Buyers! This cozy, very solid, gas heat home is ready for a new owner.
It’s Eligible For up to 100% Financing with a USDA Rural Housing Development Mortgage. Closing costs can be included in loan amount. Low rates! Low MI! Beats FHA and CHFA any day!

Call Me at 860.945.9284 for details on the USDA Guaranteed Rural Housing Development Loan and to take advantage of my FREE Mortgage Pre-Approval service
Then call Marcus Santore at Marrin Santore Realty to schedule a showing and be ready to make an offer.


CT Mortgage Broker With A Unique Advantage

I’m a Mortgage Broker with a Unique Advantage in the world of Mortgage Finance. The relationships I have formed with trusted lenders over the years means that I can get loans done quicker and closed on time when others may not be able to accomplish anything at all.
The majority of the dozen or so lenders I work with have Account Reps. When these Reps are really good at what they do, and you do a lot of volume with them, they will do everything possible to keep me and my clients happy. The #1 reason … the happier I am with their service, the more loans I will send their way… and the more money they will make!

Every Mortgage Account Rep is always vying for more business. The reason is obvious… they cooperationwant to make more money. Over time, true relationships are formed. I have done business with many of these reps for years and strong bonds have been formed. I know them professionally and they know how much I love my dog.

I wouldn’t try to count the cups of coffee I’ve shared with these Reps. Their message is always the same …When I have a problem with one of my loans, call them ASAP so they can expedite the problem. They always know…if they fix issues, I can deliver on my promise to my clients and that means more future business they’ve earned and deserve.

What Does This Mean To You?
 The relationships that I’ve formed over my 40 years of Mortgage Approvedfinancial service experience means that loans can get done quicker and, when glitches arise, loans can still get closed when the big box banks turn their customers out to the wolves.   

Mortgage Process

FHA Too Expensive for Home Buyers. There Are Other Options.

FHA says they should have done less business in the past and (to pay for their sins) they should do less business in the future. To help that process along, they drastically increased the Up Front Mortgage Insurance Premium (UFMIP), doubled the cost of the Monthly Insurance Premium (MIP), and will require the MIP to be paid for the life of the loan.

FHA MIGuess what? Their wish is coming true!  The Government Agency created in 1934 to “assist in providing housing opportunities” for American families saw their application volume drop by 50% in June. At a time when mortgage rates were near all time lows, FHA priced them self out of the market. Great help they are!

Many features of a FHA Mortgage make it an attractive mortgage option for First Home Buyers. However, the cost of the mortgage insurance makes the monthly obligation too expensive. I’m working on two transactions now. Each has challenges that could have been addressed with a FHA loan in the past.  One will be done as a conventional mortgage with a higher rate but lower MI for a savings of $60/month; the other, luckily, as a USDA Loan with a similar rate and MI that is 1/3 the cost of FHA premiums.

I don’t think I’ll recommend a FHA Insured Mortgage to my clients unless that’s the only way to get them in a new home.

Mortgage Process

Mortgage Application Checklist

Here is a Mortgage Application Checklist of supporting documentation you will need for a prompt mortgage closing. It’s pretty inclusive and covers most of the paperwork you will need whether you are applying for a Conventional, FHA, USDA or a VA mortgage.

Identification: You will need to provide a color PDF copy of your:Application Checklist
• State Drivers License
• Work Visa and/or Green Card
• US Military ID
• State-issued Non-Drivers ID

• If you are currently renting, be prepared to supply:
    ο  Addresses for the past 2 years including name of all landlords, their addresses and telephone  numbersFamily Finances
• If you own your current home:
    o  Provide copy of most recent mortgage statement
• If you own more than one property:
    o  Provide property address(es)
    o  Copy of current mortgage statement
    o  Estimated value of each property
    o  Tax, insurance and annual maintenance cost for the property
    o  Copy of current tax bill
    o  Amount of Condo fees

Employment: Lenders want to see a 24 month job history and will need:
• Employers name, address and phone number
• Letter of explanation for any job gaps

• Copy of all W2 and/or 1099 forms for the past 2 years
• 2 most recent pay stubs
• Signed tax returns for the past 2 years if you work on commission, are self-employed or wish to use interest, dividend or bonus income as sources of income to repay your loan.
Note: It’s a good thing to have a copy of these returns handy even if you are a W2 employee as some mortgage programs will want to review information as to number of persons and potential source of other income in the household
• Signed year-to-date Profit & Loss if you are self-employed
• Copy of Business License & Letter from CPA verifying 2 years of self-employment history
Note: Alimony, child support and separate maintenance income need not be revealed if you chose not to have it considered for repaying your loan

Deposit and Savings Account: You will need to verify the source of all monies being used for your down payment, closing costs and cash reserves.
•For all checking, savings, 401k, IRA and mutual fund portfolios, you will need to provide:
    ο  Copies of last 2 months bank checking and savings account statements (all pages, front and Passbookback) where deposits are held
Note: Any overdraft history in these accounts is considered a sign of “financial irresponsibility” and could adversely affect your application.
    ο  Copies of last 2 months 401k, IRA and mutual fund statements for past 2 months
• Explanation and documentation of the source of any large deposits made to these accounts in the last 2 months
Note: The source of any Gift Funds you expect to use toward your down payment and closing costs is always been a problem. Check with your Mortgage Professional as to who is eligible to provide these Gift Funds and the documentation required to verify the source.
Do Not deposit any cash or checks received as wedding gifts into your accounts. It could prove to be a paperwork nightmare. Check with your Mortgage Professional on the best way to handle this situation.

Property Information:
• Complete address of the property you intend to buyHome for Sale-Sold
• Copy of the Purchase and Sales Agreement for the Property signed by all parities
• Name and contact information for all real estate agents involved in the transaction.
If you are purchasing a condominium or PUD, be prepared to provide:
• Name of the Condominium Development
• Name, address and phone number of the Association’s management company
• Confirmation as to whether the Association is, or is not, FHA approved
• Copy of the Association’s Master Insurance Policy

Veteran’s Administration Loan Applicants: If you are applying for a VA Mortgage, you will need to supply:
• Military Discharge Papers (Form DD214)
• Certificate of Eligibility

Other Important Information You Will Need to Provide:
• Name and contact information of the attorney who will represent you in the transaction
• Name and contact information of your Insurance Agent
     o Evidence that adequate Homeowners Hazard Insurance will be in place at time of closing
• Letter of Explanation for any Inquiries that appear on your Credit Report in the last 60 days
• Copy of Divorce Decree (all pages) if applicable
• Copy of Bankruptcy Discharge Notice

The Keys to New HomeThe Spring inventory of good homes on the market is shrinking and prices are going up. Interest rates are positioned to go up too! Now Is the Time to Buy!

Call Me @ 860.945.9284 to discuss the right mortgage option for your family and to take advantage of my FREE  Mortgage Pre-Approval service. 
I am committed to helping your family live comfortably and financially secure in your new home with the Right Mortgage and the Right Rate!