Here’s a program that might work for you…
It’s called USDA, and here are some details on this program…
-Up to 100% of the Appraised Value – Total LTV of 102% –
-Difference of sales price and appraised value can be used for closing cost
-No Down Payment Required
-No Cash Reserve Requirement. No cash contribution requirement
-Unlimited seller concessions
-Unrestricted gifts, not necessary to document source, no seasoning
-First time home buyers allowed, but not limited to first time home buyers
-Non-traditional credit may substitute for lack of credit history
-Repair Escrow financed in loan up to $10,000 or 10% of loan
That’s it!
If you or someone you know needs this program, have them give our offices a call.
Have a good day today! …and thanks for reading.
Brett
Get Pre Approved For A Loan Here
My Previous Blog
Do you need cash out of your home, but you don’t want to refinance the…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
Are you planning to use a gift for the down payment or closing costs when…
Do you have investment property, and would like to pull cash out of your property?…
Do you need cash out of your home, but you don’t want to refinance the…
I wanted to let you know we have a 2% to 5% downpayment and closing…
