Good morning,
BWC Mortgage Services has partnered with a non-profit National Housing Services agency to provide Fixed rate 100% Financing up to $650k loan amounts. BWC was chosen as one of few West Coast correspondents to offer this product line to the public. There will be no wholesale or large retail (Wells,WAMU) institutions offering this product which enables your partnership with myself and BWC to offer a product to the right client that deserves this option.
These programs have emerged as the "New and Improved" 100% products as the programs have been designed to eliminate the risk associated with the now extinct stated and poor credit 100% programs of the past.
Additional benefits include:
- Purchase or Refi Transactions
- 1 loan with Lender paid Mortgage Insurance
- No prepayment penalty!
- No reserve requirements!
- 6% Realtor / Seller concessions
- Full and Bank Statement Documentation
- 30 year fixed loan!
- down to 620 Fico or NO CREDIT!
This is a great product for us to offer our clients and to help us generate new clients!
Jess Perez
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