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| 6 Months NO principle & interest payments |
| Bankruptcy Loans |
| FHA 30 Year Fixed |
| FHA 5/1 ARM |
| Fresh Start Program |
| Jumbo Product Special |
| Lender Funded 2/1 Buy Down Program |
| My Community |
| Reverse Mortgages |
| Single Premium Mortgage Insurnace Loans |
| Teacher, Policemen, Firemen and Healthcare workers Program |
| VA Loans |
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6 Months NO principle & interest payments
Now that the tax credit has passed did you know that you could buy a home and not have to make a principle & interest payment for 6 months?
You would need assistance from the seller but call me to find out how it works.
Term: 30 years
Maximum Amount: $417,000
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Bankruptcy Loans
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Chpt 7 Bankruptcy FHA 2yr discharge
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Chpt 13 Bankruptcy FHA 2 years from file date
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Conventional 4 years discharge
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FHA require 3.5% minumum downpayment (can come from family member or grant)
Term: 30 years
Maximum Amount: $417,000
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FHA 30 Year Fixed
Requires 3.5% down, 3% seller's concessions, 2 year out of bankruptcy, 1 year job history, FHA buy downs, manual underwriting available, and 203k FHA rehab loan available.
Term: 30 years
Maximum Amount: $410,000
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***Federal Assisted Mortgage |
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FHA 5/1 ARM
Want your payment lower try our FHA 5/1 arm rates start as low as 4.375% with an APR of 4.991% as of 9/3/2009
Allows for fixed payment for those borrowers looking to stay in their home for a shorter time period.
Term: 30 years
Maximum Amount: $410,000
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Fresh Start Program
Fresh Start Program is an opportunity to secure a mortgage regardless of: Bankruptcy, Bank Foreclosure, Past Late Mortgage Payments, Self-Employed or Short Employment History, Little or No Money Available for Down Payment! Please note each case may vary.
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Jumbo Product Special
A) 5 Year Jumbo Arms starting at 4.375 with apr at 5.019% requires 25% down payment
B) 3/1 and 5/1 with no mortgage insurance with 15% down payment!!!
For loans up to $900,000
C) We will do loans up to $3,000,000 for Jumbo products ask for details!
Term: 30 years
Maximum Amount: $3,000,000
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Lender Funded 2/1 Buy Down Program
No cost to Borrower to buy the rate down
Start Rate is 4.875% and APR at 6.875%
Year 1 is 4.875%, Year 2 is 5.875%, Year 3-30 is 6.875 for final rate.
Requires 5-10% Down payment
Credit score must be 680
Term: 30 years
Maximum Amount: $417,000
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My Community
MyCommunityMortgage makes it easier than ever to afford a home of your own. No longer are you restricted by less than perfect credit. MyCommunityMortgage allows for flexible sources of funds for closing costs and prepaid expenses. This programs allows buyers to purchase a home with a minumum of 3% down.
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**Good for borrower can't go FHA |
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Reverse Mortgages
FHA insursed
For 62 years an older
No Mortgage payments ever
Quailify based on age and value of home
4 ways to take payments
1 Monthly payments tenure , 2 monthly term payments, 3 lump sum drawn at closing, and 4 is the combinationj of any two.
You may change your payments at any time for a $20 fee.
Call an ask if a reverse mortgage is good for you or your family members!!
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Single Premium Mortgage Insurnace Loans
Here's when you can put down less than 20% and not have monthly mortgage insurance payments.
Call to inquire about this special program.
Term: 30 years
Maximum Amount: $417,000
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Teacher, Policemen, Firemen and Healthcare workers Program
Allows for grants and sometimes no money down programs. You don't need perfect credit for this program.
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VA Loans
100% financing, 3%seller's concession, manual underwriting available
With no Private Mortgage Insurance, Also allow up to 1,o00,000 jumbo VA loan with 25% down payment
Term: 30 years
Maximum Amount: $417,000
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Veteran and Active Military |
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