Connecticut FHA Loans | CT FHA Lender | Prysma
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FHA Loans – New

Your Trusted FHA Mortgage Lender

As Connecticut’s #1 FHA loan provider, Prysma has helped thousands of families throughout Connecticut, New York, Massachusetts and Florida realize their dream of home ownership.

Prysma Lending Group specializes in FHA loans for homeowners with products and FHA lending solutions designed for First Time Home Buyers, FHA Refinances and more.

Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family. We are your dedicated partners in home ownership.

Fill out the form or call today to learn how FHA loans may be the right solution for you. (888) 743-9985

The 4 SIMPLE STEPS TO HOMEOWNERSHIP

Prysma is here to help you through the home buying process whether this is your first house or you are relocating to a new area. Here is the simple 4-Step process to owning your own home.

1

Pre-Qualification

You speak with one of Prysma’s licensed Mortgage Loan Originators to get pre-qualified for a loan up to a certain amount. This amount helps you determine the price range for the home that is right for you. Our loan specialists will take the time to answer all of the questions you have to help ensure you choose the best loan option for your needs.

2

Find Your Home & Make an Offer

After pre-qualification you can begin shopping for your home. When looking at different home options, make sure to consider all the different factors including price, location and safety of the neighborhood. After you choose the property you make an offer and negotiate with the seller on the final sales price.

3

Loan Application

You have your home chosen and a sales price is determined you revisit with Prysma’s Mortgage Loan Originator to apply and secure the perfect loan for your new home. Your dedicated loan specialist will personally guide you through each step of the loan process.

4

closing & Moving in

Once your offer has been accepted and you have been approved for your mortgage you prepare for closing and move into your new home!

Why Borrowers Choose PRYSMA for fha

Prysma Lending went above and beyond to help me with my loan. It’s hard to rely on a good lender now a days, with all the big corporate banks out there. Prysma provided me with Amazing service. I have been using them for over 10 years and couldn’t be happier.

– S. Johnson

Highly recommend Prysma! They were very professional and went above and beyond my expectations! They kept me informed and answered all my questions. A special thanks for Debora and Mark for their effort, even during their vacation they worked and made my closing happened.

– M. Breda

Prysma cares about their clients and works hard to demonstrate that with each closing!

– W. Bernard

Understanding FHA loans

How do FHA loans work?

The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so a lender can offer you a better deal. This potentially offers lower down payments, lower closing costs, or qualifying easy credit.

Even if you have a low income and a low credit score you may still be eligible for a FHA loan, that’s the great part about them. There are even a few specific loans for those without a credit score. On the other hand if you have a good credit score, you may be able to start out with a low down payment or slightly lower interest rates.

Are there beneficial FHA loan types for seniors?

Yes. If you are 62 or older and live in your own home, own it outright or have a low loan balance, you can apply for a FHA Reverse Mortgage. This special mortgage allows you to convert a portion of your equity in the home into cash providing you an additional source of income as you grow older.

What are the requirements for a FHA loan?

Borrowers must have a steady employment history or worked for the same employer for the past two years.

  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money can be gifted by a family member.
  • New FHA loans are only available for primary residence occupancy.
  • The property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).

READY TO EXPLORE YOUR LOAN OPTIONS?