…VA, USDA, and we actually have a 100% option on FHA now.
FHA is a 3.5% down product, but we have a program that takes care of the 3.5% down payment for the borrower.
This is an unusual program for FHA.
If you ask me “what’s the catch”, here it is…
You will pay a higher rate of interest for this program, and you will need a healthy seller contribution towards the buyers closing costs to complete the transaction.
If you have the seller contribution it can be a viable option for a purchase loan.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
If you purchased a home using your own cash, and now would like to pull…
Did you realize that when buying a house from an immediate family member – the…
Did you know we have a loan product now that allows you to purchase investment…
Do you need cash out of your home, but you don’t want to refinance the…
I wanted to address the two most common questions that I get regarding reverse mortgages……
Do you need cash out of your home, but you don’t want to refinance the…
