Special offer


Mortgage and Lending with Fulton Mortgage Company, a Division of The Columbia Bank 313280

The Fulton Mortgage Company is pleased to introduce the HomeReady Mortgage Plus program to homebuyers from New Jersey to Virginia.   This is the same HomeReady program that you may be familar with except our program has NO Mortgage Insurance.  Now I know some of you may be thinking it has have some sort of mortgage insurance may be lender paid  and the answer is NO, NADA, ZILCH.  This program offers 3% down payment and maximum loan amounts based on the City/County where the property is located.  In some high cost areas, it can be up to $636,150 and with a very low competitive rate ( no add-ons for no mortgage insurance).  Borrowers can qualify if their income is below 100% for the City or County where the property is located and in some cases there might a NO Income Restrictions based on the location of the property. Down payment can be borrowers own funds, Gift Funds or a Down Payment Assistance Program. Minimum credit score for this program is 620 and Homebuyer education is required. Seller concessions allowed up to 3% for loan to value over 90%.

This is not only for first time home buyers, you must be purchasing a Primary Residence to use this program.

Want more details how you use this program to assist your clients increase their purchasing power, then call or email me.


Noel A. Shepherd


Office: 202-642-4305

Email: nshepherd@fultonmortgagecompany.com


Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good afternoon Noel A. Shepherd 

Thank you for sharing your information with us.  Have a great day.

Oct 21, 2017 02:04 PM
Sue Brown

How is there NO Lender paid MI? Fannie does not have a Home ready program with No MI, so it has to have a Lender Paid MI cert.

Mar 27, 2018 02:44 PM
Noel A. Shepherd

Ms. Brown,

Thank you for your questions. I assure Fulton Mortgage Company is the only lender in the country that offers this loan as a TRUE NO MI loan. It is not Lender Paid and We don't require the borrower to buyout the Mortgage Insurance either. Our Rate is the same as rate as the HomeReady loan with mortgage insurance. Please free to contact me for my realtor partners information to verify the information I'm sharing with you.

Noel A. Shepherd
Direct Phone: 202-642-4305

Mar 27, 2018 02:55 PM