| NO DOWN PAYMENT |
Great loan for borrowers without savings |
| 100% financing |
102% loan to value for the guaranteed first mortgage loan when including guarantee fee, 100% LTV without the fee included |
| Loan not limited by contract amount |
Wrap closing costs into loan when appraisal is higher than value |
| No Private Mortgage Insurance (PMI) |
One time guarantee 2% Fee |
| No Reserves |
No need for seasoned funds, bank statements or bank accounts |
| Quick processing with 620 score |
No explanations on credit with FICO 620 and above; no rental verification. Lower scores may qualify! |
| One time 2% guarantee fee can be rolled into the loan |
No monthly insurance means LOWER MONTHLY PAYMENT which gives buyers additional cash each month |
| Generous income limits based on 115% US median |
Deductions are available for dependents, daycare, elderly households, etc., to assist individuals and families in qualifying |
| No maximum purchase price limit |
Clients choose the home that meets their needs and repayment ability |
| No limited to first time homebuyers |
Anyone not owning suitable housing may apply |
| No limit on total loan to value ratio |
Allows closing cost assistance from government sponsored entities |
| Lowest payment of affordable products |
No mortgage insurance, best rate, 30 yr gives lowest payment, less eligibility issues, more loan |
| Unrestricted gifts |
No limitation on source of funds for closing costs. No seasoning requirements. |
