A Home To Call Your Own

Purchasing a home is never an easy task. It can be both very exciting and at times extremely stressful. But rest assured, Hartford Funding is here to help throughout the entire process – from preapproval to closing.

Hartford Funding’s broad selection of loan programs can easily match first-time buyers and experienced investors with terms they’ll appreciate. As a direct lender, we are able to make it happen quickly and efficiently.

Hartford Funding is unique by having approvals from Freddie Mac, Fannie Mae, Ginnie Mae, and the State of New York Mortgage Agency.

Why rent when you can own?

Why rent when you can own? Hartford Funding’s broad selection of loan programs can easily match homebuyers with terms they’ll appreciate. As a direct lender, we are able to make it happen quickly and efficiently.

First-time Homebuyer?

Purchasing a home is never an easy task. It can be both very exciting and at times extremely stressful. But rest assured, Hartford Funding is here to help throughout the entire process – from preapproval to closing.

Your future is within reach!

You found your dream neighborhood but not your dream house? We have 203k renovation loan programs specifically for that fixer-upper opportunity.

Let us take the confusion out of the home loan process!
Generally, to be eligible to apply for an FHA loan, you must:

  • Have a valid Social Security number
  • Have lawful residency in the U.S.
  • Be of a legal age to sign on a mortgage in your state

Hartford Funding will also verify income, assets, liabilities, and credit history for all parties on the loan, and a non-occupant co-borrower is permitted.

To qualify for a fixed rate mortgage, applicants must meet specific employment, credit and income criteria, including the following conditions:

  • Steady employment history, at least two years history of employment
  • Or evidence supporting enrollment in school or the military during the most recent two full years

  • Consistent or increasing income over the past two years
  • Any Chapter 7 bankruptcy on record must be two years old with good credit for the two consecutive following years.
  • A Chapter 13 bankruptcy does not disqualify a Borrower from obtaining a
    FHA-insured Mortgage, if at the time of case number assignment at least
    12 months of the pay-out period under the bankruptcy has elapsed.
    The Mortgagee must determine that during this time, the Borrower’s
    payment performance has been satisfactory and all required payments
    have been made on time; and the Borrower has received written
    permission from bankruptcy court to enter into the mortgage transaction
  • A Borrower is generally not eligible for a new FHA-insured Mortgage
    if the Borrower had a foreclosure or a DIL of foreclosure in the
    three-year period prior to the date of case number assignment.
    This three-year period begins on the date of the DIL or the date that
    the Borrower transferred ownership of the Property to the foreclosing
    Entity/designee.

Will I have to pay for Private Mortgage Insurance?

Private Mortgage Insurance (PMI) provides your lender with a way to recoup its investment if you are unable to repay your loan. PMI is usually required when the mortgage amount is higher than 80% of the home’s value. That means that if you buy a home with a down payment of less than 20%, you will probably have to pay for PMI.

Should I choose a fixed-rate or adjustable-rate loan?

Most mortgage loans have either a fixed interest rate or an adjustable interest rate. With a fixed-rate mortgage, the interest rate never changes and your payments remain stable throughout the life of your loan. With an adjustable-rate mortgage (ARM), the interest rate changes at regular intervals  usually once every year  based on a formula that uses a market index.

A fixed rate is usually best if you plan to stay in your home for the long term and are buying at a time when rates are relatively low. An ARM is usually best if you plan to move before the rate adjustments begin, or if you are buying when rates are relatively high.

Should I lock my rate?

Locking your interest rate means your lender guarantees the rate on your loan even if market rates change before closing. Your Loan Estimate may show a rate that has been “locked” or a rate that is “floating,” which means it can go up or down. Mortgage Interest rates change daily,sometimes hourly. A rate lock sets your interest rate for a period of time. Rate locks are typically available for 30, 45, or 60 days, and sometimes longer.

Hartford Funding is a national Mortgage Bank

Hartford provides low rates whether you’re buying a home, refinancing or looking for a home equity loan or home equity line of credit. We’re considered one of America’s fastest-growing and best-managed mortgage banks. Through 23 years of happy clients, our attitude is still “we’ve got a lot more to do”. We continually strive to improve the quality of our service, financial products, and your borrowing experience. When you need a customized loan, think Hartford Funding.

Mortgage Loan Originators Available 24/7

Hartford Funding Ltd. mortgage loan originators are available to you-live and on the phone- 24 hours a day, 7 days a week. So whenever it’s most convenient for you to apply, find out more information, and whenever you have questions about a loan in progress – your answers are just a mouse click or a quick phone call away.

Address

538 Broadhollow Road, Suite 403
Melville, New York 11747

Hours

Mon-Fri 8am-9pm
Sat-Sun 9am-1pm

I was amazed at the quality of Hartford Funding. Thanks guys, keep up the good work!

Ricky I.

I have gotten at least 50 times the value from Hartford Funding. Hartford Funding impressed me on multiple levels.

Jacinda F.

I am completely blown away. If you aren’t sure, always go for Hartford Funding.

Allison C.

Home Purchase Programs & Refinance Programs

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