The Mayor’s Office of Housing and Community Development offers approximately 10 deferrable loans each. VA, or FHA loan.
FHA Mortgage: FHA mortgages offer down payments as low as 3.5%, which can include the use of gift funds. You do not need to meet low-to-moderate income requirements to qualify. An FHA Mortgage is a loan insured by the government.
The conventional arrangement requires prior separate and short- term acquisition and construction loans, which are more costly. The FHA 203(K) loan can be for up to 110 percent of the property’s value.
203K Eligible Homes For Sale 114-116 New Haven Ave, Derby, CT 06418 – realtor.com® – · View 24 photos for 114-116 New Haven Ave, Derby, CT 06418 a 4 bed, 2 bath, 1,716 Sq. Ft. multi-family home built in 1900.