Connecticut FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Connecticut borrowers the opportunity to secure CT home loans, when they don't quality for other conventional loans. For example, future Connecticut homeowners with little credit history or poor credit history are sometimes able to qualify for Connecticut FHA loans.

Connecticut FHA Loans for First Time Homeowners

CT FHA loans are ideal for first-time Connecticut homeowners due to low down-payment requirements and flexible qualifying guidelines.

Refinancing with FHA Loans in Connecticut

FHA also offers a refinancing option for Connecticut homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.

FHA Loan Requirements - Connecticut

  1. No income limit
  2. Connecticut borrower credit score flexibility
  3. 3.5% down payment on Connecticut Purchase Loans
  4. Bankruptcy: CT FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
  5. Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)

Connecticut (CT) FHA Loan Limits

FHA loan limits in Connecticut vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in Connecticut), etc. Please contact Home Point Financial's Connecticut FHA loan experts for details on loan limits for FHA loans in Connecticut (CT).

Contact Home Point Financial to learn more about FHA loans in Connecticut.