1% Down Financing #RealNews

By
Real Estate Agent with Brokers Guild Cherry Creek Ltd IA100052670
http://activerain.com/droplet/52nR

1% Down Financing is a possibility with Home Loan Mortgage!  

Hard to believe there is a conventional loan program with ONLY 1% down!  

Just closed on one and it really is out there to open doors to home ownership! A limited number of lenders have access to this progressive NEW loan program.  

Think about how little that is!  Like paying a deposit and one month rent in Colorado. 

Purchase a $400,000 home with only $4,000 down plus closing costs.  

In the Denver Metro area a $400,000 home might rent for around $2,000 a month so if you pay the deposit and 1 months rent you could buy a home.  


This is how simple it is! 

  • Buyer pays 1% of the sales price for down payment
  • Lender contributes 2% of the down payment
  • FICO score must be 700+ 
  • Debt to income ration must be no more than 43%
  • NO MI Mortgage Insurance
  • Must be OWNER OCCUPIED
  • Some income restrictions apply so call lender 

 

You are invited to come meet T. Fanning of Home Loan Mortgage .

The Transition Living Real Estate Team™ shares monthly events to help those in #Transiton.  The website is packed with resources to help with a smooth Moove now or 5 years from now. 

Maybe you have a friend who needs to get out of the basement or off the couch, or a couple wanting to start a family in the suburbs.  This loan program is going to help those transiton who don't have enough down payment.  

Tuesday, April 11, 2017 10-11 am 

At the Heritage Todd Creek Golf Club Community Center: 

8455 Heritage Dr. Thornton, CO 80602 

 

RSVP text or call 720-416-1984 or Carra at Carra Riley dot com 

 

Hope to see you there!  

 

 

 

 

 

 

 

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Topic:
Home Buying
Location:
Colorado Adams County Thornton
Groups:
Real Estate Rookie
Colorado Real Estate
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Cosmic Cow Pie...The Rome Way
55+ Active Adult Communities Specialists Public
Tags:
financing
colorado real estate
carra riley

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Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Sounds like a good deal to me.

Thanks for sharing.

Sam

Mar 20, 2017 04:04 PM #1
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Carra- this is good news for buyers who are ready to buy a home but may not have the funds for a downpayment yet. 

Mar 20, 2017 05:14 PM #2
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

That's an incredible deal Carra. With interest rates rising this would benefit people concerned with keeping more cash on hand.

Mar 20, 2017 05:20 PM #3
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Carra & Shae Riley

Helping people Transition at all ages!
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