One Liberty Square
P.O. Box 1000
New Britain, CT 06050
McCue Mortgage Ranked #1 CHFA Lender in State -- Has Lowest Fallout Rate During Same Period
New Britain, CT -- December 18, 2003 The McCue Mortgage Company announced today that based on figures released by the Connecticut Housing Finance Authority (CHFA) the Company was ranked the number one CHFA mortgage lender in the State in the third quarter of 2003. This is the third consecutive quarter McCue has been the top CHFA lender in the State. Furthermore, during the same period McCue had the lowest loan fallout rate. This rate reflects the number of loans that are registered but then are cancelled or withdrawn and do not move on to close for various reasons.
The CHFA program provides homeownership opportunities for first-time homebuyers throughout Connecticut. Qualified borrowers must fit CHFA’s loan and income limits. Homeowners benefit from low fixed interest rates (presently set at 5.12%), low down payment requirements, and McCue’s easy lending process.
“McCue Mortgage has worked hard to be the top CHFA lender in 2003,” said William J. McCue, President of McCue Mortgage. “Our focus is on helping families get their first home. Our low fallout rate is testament to our commitment to provide the best in lending services to homebuyers.”