Saturday 20 Jan 2018

GaHomeAgent.com

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First Time Home Buyer Programs

Fannie Mae HomePath 30 Year Fixed 

·         Purchase Fannie Mae Foreclosures

·         3.5% Down Payment

·         No PMI or mortgage insurance

·         No Appraisal fee may be required

·         660 credit score

·         Two year home warranty is included

·         Closing cost paid in most cases, up to 3.5%

 

Fannie Flex 95% Financing Program  

·         Good credit-generally 680+ credit score will qualify

·         Single upfront mortgage insurance premium available

·         No monthly PMI or private mortgage insurance    

 

My Community Plus First Time Home Buyer Program 

·         3% Down Payment

·         680 minimum credit score

·         30 year fixed

·         Rate buydown options available-3.50% (APR 3.66% as of 8/24/10)

·         Seller can contribute 6% of purchase price toward closing costs

·         Single Family, 2-unit, condo, or  townhome

·         If you are a Teacher, Nurse or Health Care Worker, Pharmacist, Fireman, Police Officer, Paramedic, or Military Personnel receives $500 credit toward closing costs. 

·         Overtime income or part-time income from second job is averaged over last 12 months 
Click here
to check maximum loan limits.

·         Income restrictions apply unless property is located in Targeted Area- verify maximum income requirements and geographic restrictions.

 

Progressive Payment Saver Buydown Home Loan

·         Low initial interest mortgage rate of 2.50% (APR 2.65%) as of 8/24/10

·         30 year fixed program

·         5% down payment required

 

 Home Possible Community Lending Mortgage

·         3% down payment

·         Low-to-moderate income borrowers

·         Flexible options if you are are a Teacher, Law Enforcement, Firefighter, Healthcare Worker, or Military Personnel-Veteran

·         Buydown rate of 3.00% (APR 3.16% as of 8/24/10)

·         Single family, condo, townhome, 2 unit, PUD

·         30 year fixed, 40 year fixed

 

USDA 100% Financing Program

·         Zero down payment

·         Property must be located in targeted rural area.

·         Income restrictions apply.  

·         No mortgage insurance

·         Buydown rate option available with 0 down payment-current rate 2.75% (APR 2.90%) as of 8/24/10

·         Seller can pay 6% of purchase price toward closing costs

 

FirstHomeBuyers Down Payment Asssistance Program

·         You may qualify for a great loan program but the seller will require a good faith or earnest money deposit on the purchase contract. Most first time home buyers do not have these funds and there is available an unsecured loan up to $25,000 which will help you get your offer accepted. These funds may be used toward down payment.

·         Pay off debt. You may use the loan program to pay off debts to help you qualify for the mortgage but you must apply early so we can update your credit report to reflect these accounts being paid off.

·         Only 1% down is required

 

Fannie Mae Expanded Program

·         620 minimum score requirement

·         20% Down Payment which can be gift

·         No mortgage insurance or PMI

·         30 year fixed
 
Ready to get started? Get approved now!
 

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