Is the 6% seller concession with a 95%LTV?  Or are there other limits?  Sounds like a good deal.

Hello Jason,

 The 6% seller concessions is allowed on the 100% (620 score required) or the 97% (600 score required). Its a great program, (not a bond program) so U/W is quick and therefore so are closings.

 I hope this answers your question.

Thank you

Doug

I should clarify that the program does have income limits (median income x 1.25%), however that can be overidden if the property is in:

1. LMI census tract

2. Minority census tract

3. Fannie Neighbors census tract (https://commlend.efanniemae.com/property/geocoder/expired.aspx) to see if the subject property qualifies

 Thank you again

Doug

Douglas ... anything new for stated income borrowers that right off everything they possibly can ... like REALTORS?

Larry,

lol, yes you can get a loan: SISA

Purchase or no cash out refi to 90% (680 score)

Heloc to 90% (680 score) no closing costs

 I hope I answered your question.

Thank you

Doug

Hey doug- FYI

You might want to clarify LMI....while I might know that it is low to moderate income census tract the general public might not.

Welcome to AR

Thank you Rick,

 I think you pretty much nailed it in your response, the link I supplied will help someone identify if a prospective property address would qualify.