Fairfield mortgages, from the beach neighborhoods to Greenfield Hill.

Fairfield runs from beach neighborhoods on Long Island Sound to larger lots in the northern part of town, with three Metro-North stations on the New Haven Line. We work Fairfield files from our Ridgefield office, and as a Connecticut-licensed lender (ML 1892568) we can fund them in-house or shop them when another investor fits better.

Bank-statement loans for self-employed Fairfield borrowers

Fairfield’s self-employed borrowers include consultants and finance professionals who commute to Stamford and New York or work from home, owners of medical, dental, and legal practices, contractors and marine trades along the shore, and small-business owners on the Post Road. When write-offs make a tax return look smaller than the business, a 12- or 24-month bank-statement loan uses deposits to show income instead.

Bank-statement / Non-QM program · How bank statement loans work · Connecticut bank-statement loans

DSCR loans for Fairfield rental properties

Fairfield investors look at single-family and small multi-family rentals, including properties that rent to staff and students connected to Fairfield University and Sacred Heart University. A DSCR loan qualifies on the property’s rent versus its full payment. Near the water, flood insurance can be a real part of that payment, so we price it with an actual insurance quote. Check the town’s current rules for rentals and short-term rentals before you count on that income.

DSCR / investor program · How DSCR is calculated · Connecticut DSCR loans

HELOCs for Fairfield homeowners

Fairfield owners use HELOCs to renovate, add space, storm-harden or raise shoreline homes, and cover tuition. A line lets you draw in stages as a project moves along. This HELOC product can close in as little as 7 days, often with no appraisal. Homes in a flood zone may need flood insurance, and HELOC rates are usually variable, so call for today’s terms.

HELOC program · How fast can I get a HELOC? · Connecticut HELOCs

Good to know in Fairfield

If the property is near the beach or a tidal marsh, ask early about flood zone status and insurance. It affects the payment on a purchase, a DSCR rental’s ratio, and the HELOC file.

All loans are subject to credit, income, property, and underwriting approval. Nothing here is a rate quote, a commitment to lend, or a guaranteed timeline. Licensed Connecticut Mortgage Lender, Connecticut Banking Department, ML 1892568.