Home Possible Financing Versus Home Ready Financing.
Wednesday, December 26
Both Freddie Mac's Home Possible Financing and Fannie Mae's Home Ready program have Income Restrictions unless, you purchase in an area they consider low to moderate income as directed. Both Program Requirements: PRIMARY Residence purchase onlyNOT Required to be a first time home buyerOn 2-4 unit...
Freddie Mac's Home Possible Financing
Sunday, November 25
Home Possible Financing - Income limits apply ONLY in certain locations. Locations considered to be underserved markets are low income census tracts - and have no income restrictions.YOU ARE NOW LIMITED TO OWNING 2 PROPERTIES AND SUBJECT ONLY FOR THIS LOAN!Main Points For Freddie Mac's Home Possi...
Advantages and Restrictions of Home Possible
Sunday, November 25
Advantages of Home Possible LTV of 97% on 1 unit & 95% on 2-4 unitsMinimum credit score of 620PRIMARY Residence purchase onlyNOT Required to be a first time home buyer Locations considered a low income census tract - have no income restrictionsRestrictions of Home Possible 3-4 unit properties...
JUMBO LOAN FINANCING
Tuesday, April 03
Jumbo Loan Program Purchase/Rate & Term - Primary Residence1-2 units 75% LTV up to $2,000,00080% LTV up to $1,500,00090% LTV up to $1,000,000 1-4 units70% LTV up to $2,000,000Cash Out Refinance - Primary Residence1-2 units 60% LTV up to $1,500,000 max cash out of $500,000 70% LTV up to $1,00...
Pool Installation financing options
Monday, March 19
OPTIONS FOR POOL INSTALLATION – RENOVATION LOANOUTDOOR LIVING AREA’S ALLOWED WITH INSTALLATION OF AN “IN GROUND” SWIMMING POOL AS WELL AS RELATED EQUIPMENT.HomeStyle; Prior To Completion of the Pool: 50% of the “as completed” appraised value + 10% contingency reserveCompletion Time of 180 days# C...
INVESTMENT PROPERTY FINANCING - OVER 10 FINANCED
Saturday, March 10
*UNLIMITED AMOUNT OF FINANCED PROPERTIES – MORE THAN 10 FINANCED PROPERTIES ALLOWED. (ONLY 5 LOANS ALLOWED UNDER THIS PROGRAM)*MINIMUM $100K LOAN AMOUNT – NO EXCEPTIONSPurchase/Rate & Term Criteria – LTV1-4 Unit Residential Property 85% LTV 660 Credit Score Required$1,500,000 max loan amount9...