Real estate blog entries tagged with new conventional 8020 with rehab feature by Danell Merren (Providence Home Mortgage/ICCF)

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Home : Blogs : Danell Merren : Danell Merren's Blog : Tag "new conventional 8020 with rehab feature"

new conventional 8020 with rehab feature: New 80/20 Conventional purchase loan including costs of repairs! - 10/02/09 04:04 PM

I am so excited to report that MSHDA has rolled out a new program called the MSHDA/NSP 80/20 loan. Features of the program include:
80% first mortgage, no PMI 2nd mortgage up to $25,000 with repairs, 10K if no repairs Only 1% down requirement from buyer! Property type must be bank owned/foreclosure. Repairs allowed- repairs can be minor or more significant- examples of repairs that will work include but are not limited to- Appliances (except washers and dryers), roofs, furnaces, kitchen or bath remodel, carpet, deferred maintenance, air conditioning, siding, handicapped accessible ramps, alternative energy Max CLTV is 103% Seller contribution … (1 comments)

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Danell Merren

Grand Rapids, MI

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Providence Home Mortgage/ICCF

Address: 920 Cherry St SE, Grand Rapids, MI, 49506

Office Phone: (616) 719-4513

Cell Phone: (616) 437-7831

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