Refinance with our flexible mortgage programs.
Do not feel discouraged that buyers today are qualifying for lower mortgage interest rates. With Hartford Funding, we can make that possible for you to. With a stable market and a resurgence of property value, there may not be a better time for homeowners to consider a refinance. Here’s how we can help:
Lower your interest rate
With today’s historically low interest rates, you may save hundreds each month, pay off the principal faster and build up equity faster.
Lower your monthly payments
By refinancing, you can lower your monthly payments.
Consolidate debt
Car payments, credit cards, utility bills – do away with late penalties by consolidating your debt!
Prevent bankruptcy and foreclosures
Thousands of Americans still file for personal bankruptcy each month. Thousands more lose their homes to foreclosure. Keep your home and repair your credit – don’t be a statistic!
Cash out – for anything!
Start a new savings program, refinish the basement, fix the car or buy a new one … after you refinance, ultimate fiscal flexibility is yours!
- Easy credit qualifying
- Low down payments
- Low closing costs
If the value is there, this program is perfect for homebuyers who find their dream home that is just in need a of a few repairs.
- Fixed Rate Mortgages – set interest rate & predictable payments for the life of the loan
- Adjustable Rate Mortgages – a set interest rate for a specific period followed by alterations on a yearly basis (An ARM, the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly.)
- Little or no down payment
- No private mortgage insurance
- Easy credit qualifying
VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.
VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.
This is a great option for seniors who are looking to purchase their retirement home!
- Little to no down payment
- No private mortgage insurance
- Flexible credit requirements
Why does USDA Rural Development do this?
This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwellings in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.
The state of New York Mortgage Agency (SONYMA) offers five mortgage programs to assit first-time homebuyers with the purchase of a home in New York State.
Our five mortgage programs feature competitive interest rates, low down payment requirements, flexible underwriting guidelines, no prepayment penalties and down payment assistance. Each of these features is designed to make your home purchase more affordable.
- 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
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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
100 Crossways Park Drive West, Suite 302,7
Woodbury, NY 11797
Hours
Mon-Fri 8am-9pm
Sat-Sun 9am-1pm
Phone
I was amazed at the quality of Hartford Funding. Thanks guys, keep up the good work!
I have gotten at least 50 times the value from Hartford Funding. Hartford Funding impressed me on multiple levels.
I am completely blown away. If you aren’t sure, always go for Hartford Funding.