What is the purpose of this program?
To provide mortgage insurance for a person to purchase or refinance a principal residence. The mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.
What are the eligibility requirements?
The borrower must meet standard FHA credit qualifications.
The borrower is eligible for approximately 97% financing and up to no money down. The borrower is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
Eligible properties are one-to-four unit structures.
To learn more about the mortgage limits in your area please contact me
Rod Tinsley
MBA in Accounting & Finance
Financial Expert
Paramount Home Loans, Inc
1675 Larimer St. Ste 310
Denver, Co 80202
720-259-4412 Direct
303-575-0006 Fax
rt0501@hotmail.com
I'm calling all of my clients and letting them know rates have dropped. I'm redoing their mortgage and saving them money every month at no cost to them. Let me repeat that, I'm redoing their mortgage and saving them money every month at no cost to them. Now that's a no brainer. Even if you are in a 3 to 10 yr arm, clients are fixing their mortgages to 30 yrs so they can sleep at night. Let's work the numbers. We've been in business over 20 years. We work to earn your trust, loyalty and respect. I will treat your referrals with kindness.
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