Loan Programs & Guideline updates

It's a brand new week and we have some programs to help get your clients into that dream home!!!

3.5% down (can be a gift from relative)

Minimum 530 credit score

Upfront Mortgage Insurance required

Monthly Mortgage Insurance required

PRIMARY  RESIDENCE ONLY

VA

100% financing

NO PMI

NO Monthly Mortgage Insurance

Minimum 620 credit score required

2.15% Funding fee for first time use

3.30% Funding fee for subsequent use

PRIMARY RESIDENCE ONLY

Rural Housing

102% financing

Minimum 620 Credit score required

2% Guarantee Fee (funding fee)

NO PMI

Call for income limits in your area!

Conventional

Primary Residence---10% down

2^nd home & Investment-20-25% down

Must have Mortgage Insurance with less than 20% down

We can finance CONDOTELS!!!!

710 Minimum Credit Score

Primary & 2^nd home----25% down

Investment----35% down

Can do Arms & fixed rates

Call for details!