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Get the Right Loan, Right Now!

We will help you find the loan that fits your needs!

Welcome To Coltrain Funding Group LLC

At Coltrain Funding Group LLC, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.

We work with more than 100 investors. This allows us to get you the best rates on all types of loan programs including: 30yr mortgage, 20yr mortgage, 15yr mortgage, 10yr mortgage, 1yr ARMS, 3yr ARMS, 5yr ARMS, Conventional, Jumbo, Home Equity Lines, VA and Commercial. Whether your situation calls for Full Documents, No Documents, Non-Owner Occupied (Investor) or Multi-Family, we'll fit your needs!

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Refinance

We can help you lock in a long term fixed rate and get out of your ARM.

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Purchasing

We work with the best lenders in the industry to find you the best loan.

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Latest News

Housing Market Struggles to Keep Pace With US Economy

Freddie Mac's Economic and Housing Research Group said on Monday that the U.S. economy and job market are firing on nearly all cylinders, "but the housing market has essentially stalled."  The solid growth of the U.S. economy during the second quarter, an increase of 4.2 percent and exceeding forecasts of 4.1 percent, was the fastest in nearly four years.  Solid consumer spending and business investment, the Group says in its September Forecast, should keep the economy on a very strong growth path of 3.0 percent this year, moderating to 2.4 percent next year.

 

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Weather Sets Up Push-Pull with Delinquency Rate

Are weather patterns beginning to provoke annual swings in mortgage delinquencies? Black Knight suggests, in its first look at August 2018 mortgage performance data, that could be the case in 2017-2018. The incidence of mortgage distress was heading to millennium low levels last year before the one-two punch of Hurricanes Harvey and Irma.  The first struck the Gulf Coast of Texas in the Houston region.  A few weeks later Irma, although less destructive than anticipated, created havoc on both coasts of Florida and delinquency rates shot skyward in both states.  A year later those hurricane related delinquencies have retreated; Black Knight reports that fewer than 25,000 remain on the mainland U.S. (most indicators of distress do not include the effects of Hurricane Maria on Puerto Rico and the U.S. Virgin Islands). 

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Many Enlist, but Flood Coverage Still Falls Short

Even as flood water continue to sit in living rooms and kitchens across a large swath of North Carolina it is clear that most of those homes are not insured against the damage.  Mary Williams Walsh, writing in the New York Times, says that in North Carolina and South Carolina, which suffered less widespread damage, only about 335,000 homes in total have flood insurance.

The Urban Institute (UI) reports that the number of policies homeowners purchased through the National Flood Insurance Program (NIP) has declined over the last ten years and the total is now just over 5 million nationwide. There are also some private insurance policies, but nowhere near enough to cover the affected homes.

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FHA

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Contact Us

Call Us: (631) 851-4420

Email Us: clientservices@coltrain.com

Our Address: 140 Fell Court Suite 101, Hauppauge, NY  11788

Mortgage Learning Center
Mortgage Calculate Monthly Payment

Calculate Monthly Payment*

Term Rate Apr Payment
30 Yr Fxd 4.75% 5.051%
15 Yr Fxd 4.25% 4.743%
5 Yr ARM 4.125% 5.048%
Calculate
*=This is only an estimate, provided for illustrative purposes only. Actual rates and payments may vary. It does not constitute a quote.