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CT FAMLIES is a new $50 million refinancing program announced by Governor M. Jodi Rell to address the subprime mortgage crisis in Connecticut. Under this program, borrowers with a subprime mortgage who cannot make their mortgage payment and currently reside in their home may apply for refinancing.
The CT FAMLIES program may be able to help you if you received a subprime loan to purchase your first home by refinancing you into 30-year, fixed rate amortizing loan. Counseling is also available to help you.
You may be a CT FAMLIES borrower if:
- You have an adjustable rate mortgage
- You own a property in the state of CT
- Your mortgage is from the purchase of your home OR
- You bought your home with an adjustable rate mortgage and refinanced into another adjustable rate mortgage.
If you meet these criteria,
CLICK HERE for a more complete set of questions to help you determine if you qualify for this program.
If not, we still may be able to help you. Call 800-382-0017 or contact one of our mortgage representatives for more information.
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