Borrowers must meet the following requirements: • Occupy the residence as their primary residence; non-occupant co-borrowers are not allowed. You don't have to be a first time homebuyer. • Qualifying income cannot exceed NHF income limits for the county in which the property is located: 115% Area Median Income (AMI). Refer to www.nhfloan.org. • Minimum Credit Score of 620. • Maximum DTI (Determined by AUS) Manual underwriting not allowed • Meet all required FHA underwriting criteria. • Manufactured Housing not allowed MAXIMUM LOAN AMOUNT The lesser of $417,000 (not including MIP) or maximum loan amounts permitted by HUD
Mortgage rates have continued to drop but they won't remain this low for long! Take advantage of this and purchase your home today!
Ready to purchase a dream home or lower your current monthly payment? Let me know a good time to discuss your financial goals and set a plan to help you meet them. I can give you a smart, tangible realistic plan to purchase or refinance your home. No costs, no commitments just assistance and knowledge. Give me a call or email today!!!
Reggie Graham Licensed Mortgage Loan Originator NMLS#230060 Direct (404) 461-3172 Office (678) 840-7955 rgraham@financeofamerica.com Get Prequalified Online by me at www.FinanceOfAmerica.com/Rgraham
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first time homebuyers: The FHA 203(k) LOAN - Perfect Solution for Fixer Uppers
- 07/13/16 12:52 AM
FHA has the perfect program for homes that need a little TLC to become your Dream Home. The FHA 203k loan provides home buyers, current homeowners that need/want to renovate their current homes the ability to finance the repairs into an affordable monthly payment . Finance of America even has this program avaialble for seller of homes, that need to renovate their homes to put them on the market and get full value. Please give me a call @ 404-461-3172 or email me at rgraham@financeofamerica.com for more details. (1 comments)