Bond Money

I just want to make everyone aware that there is bond money that can go hand in hand with an FHA loan that makes the net result to the buyer a possible $0 down situation. The bond program is for 5% of the sales price which can cover the 3.5% down payment requirement and 1.5% toward the closing costs. How can it be $0 down you ask... Well the seller can cover the rest of the closing costs that the bond is not able to cover as long as it fits in the 6% seller concession limits. If you are looking for an option such as this please let me know and I would be happy to help! The bond program is an exciting tool that can be utilized to purchase a home with little to no money out of pocket. For details on the bond money please send me a message! Have a Great Day!
Brad

FHA Loan Approved

We have received the approval on an FHA loan today with < 620 credit score! This is excellent news because many lenders are requiring a 620 credit score while we are still able to go down to a 580 credit score on our FHA loan products. That means that we can offer assistance to more buyers and help them achieve the homeownership dream. The best part is that we had very few conditions after the initial underwriting and we will be able to make the closing date on time! If you know someone that has been told "no" by another mortgage professional please tell them to not give up and that there could be another option. We would love to help them!
Brad