the mortgage itself is 97% of the price of house
the grant is 2.25% of the down payment...so the buyer needs only 1%
their is still a mortgage that can help people who have problem credit.
Everyone has the rite to a second chance,,
the fha mortgage which is backed by the goverment is that special loan that gives buyer a second chance
Some of the guidelines..................
fico as low as 500
2 years after BK
2 years after forclousre
all income ACCEPTED but welfare
WITH THE LEND AMERICA GRANT...DOWNPAYMENT IS FREE
ONLY CASH BUYER NEEDS IS 1% OF MORTGAGE AMOUNT
CASH OUT 95% LTV
RATE AND TERM 97% LTV
ASK FOR JUDITH 631 813 1444