first time home buyer program: Dream Maker No Money Down Mortgage Program - 11/02/07 03:50 PM
Dream Maker Mortgage Product
The Dream Maker Mortgage Product has no property restrictions and has a minimum credit score requirement of 620 except if you have no credit where you will be allowed to use alternative credit.
100% Financing with a 620 Min Credit Score  No property restrictions  Income Limits are 125% of HUD Median  Example: Charlotte-Gastonia-Concord $  75,250.00 Max Household Income  waived if property is located in a Fannie Mae Neighbors Program  -  see Fannie Mae property GeoCoder     http://www.eFannieMae.com   Mortgage Insurance can be financed on top of mortgage!  Up to 25% undocumented income allowed Documented Income Max DR is 53%: Combined DR … (1 comments)

 

John Popp

Charlotte, NC

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Office: (704) 490-4733

Fax: (866) 332-9433

North Carolina Mortgage Professional shares comments and answers consumer mortgage questions. Over 20 years of Hands On Mortgage Broker experience.


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