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Mortgage:
Maximum Loan:
Income:
Down Payment:
Closing Cost:
P.M.I.:
Application Fee:
Points and Fees:
Buyers:
Purpose:
Property Types:
Required Funds:
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Your Monthly Mortgage Payment, including Principle, Interest, Taxes, and Insurance will never exceed 40% of your monthly Gross Income.
$420,000.00
No Income Limitations
None - 100% Financing
None - paid by lender
No Private Mortgage Insurance
None
None
First Time Homeowners; or borrowers currently that don't own any properties. If you currently own a home and plan to sell it, you could possibly qualify but with strict guidelines and quality advice from an approved Realtor.
Purchase; or
Purchase & Rehab
New Construction (no pre construction loan)
One to Four Family, condos, and co-ops.
Existing, New Construction, and Renovations;
or Mix Use Properties (apartment with store front)
Minimum Money Required from Buyer:
· Pre-Paid Homeowner Insurance
· Reserves (2 months PITI Payments)
· Home and Termite Inspections
· Property Taxes (1/4 of annual taxes)
Additional funds can reduce the interest rate; and
Paying one percent of the mortgage amount up front reduces the interest rate by one quarter of a percent (.25%)-- a tremendous added benefit.
REGISTER TODAY
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