WHAT VENTURE DEVELOPMENT CAN DO FOR YOU!!
BRAND NEW 100% COMBO 92/8
RURAL DEVELOPMENT - 0% DOWN PAYMENT
VA MORTGAGE- 0% DOWN PAYMENT
FHA LOANS-ARMS OR FIXED RATE 1-4 UNIT
REVERSE MORTGAGE FOR BOTH REFI/PURCHASE
100% COMBO LOANS ARE BACK!!! Purchase only. Your Buyer must have a FICO of 680 or better and 1 month in reserve. $100,000 max qualifying income limit - not household income. Properties accepted under this program: Single Family, Condo and PUDS.
USDA RURAL DEVELOPMENT can be used on the purchase of an existing home or new construction. Finance 100% of home's appraised value-possible including closing costs-varies by lender. No Monthly Mortgage Insurance. Allows up to 6% Seller Concessions. 30 year fixed mortgage only.
VA LOANS allow for 0% Down Payment on Owner Occupied Primary Residence Purchase with a Max Loan Amount of $417,000. Properties that qualify are 1-4 units, Town Homes, PUDS and Condos. Gift Funds and Seller Paid Closing Costs allowed on these programs.
FHA PURCHASE LOANS are a still a great option for the buyer who wants a low 2.25% down payment requirement (total of 3% buyer contribution required). The down payment can be a gift from a relative. Seller paid concessions up to 6%.
FHA REFINANCE to 95% of the homes value. Individuals in Chapter 13 can refinance if they have made 12 months of payments on time.
REVERSE MORTGAGES are not just for Refinancing a current Primary Residence. Have you heard that a Reverse Mortgage can be used on the purchase of SFR, condominiums and 1-4 unit Primary Residence? If you have buyers who are 62 years of age or over and are planning a home purchase with a Down Payment, it is possible that they could qualify for a Reverse Mortgage Purchase. REMEMBER-credit and income are NOT used at all as criteria for a reverse mortgage-age, equity, and the property itself are the criteria!
Let us help you get your deals done! Call us today!!
Patti Mazzara MMS, Vice President
Venture Development, Inc. - Minnesota's Premier Mortgage Broker www.ventureloanapp.com consultpatti@aol.com
Office: 952.285.4319 Cell: 612.237.6277
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Looking for FHA 3% down programs.