Tuesday, February 16, 2016

Down Payment Assistance

This is a great loan for low-income home buyers - and you do not have to be a first-time buyer!


1st and 2nd Mortgage Program For Low To Moderate
Income Families

2nd Mortgage Provides Up To 4% of First Mortgage
Amount at 0% for 30 Years

Can Be Used with MCC Tax Credit

FHA, VA, USDA and Conventional

Reduced MI Rates on Conventional

Minimum FICO Score of 620

No Acquisition Limit

Must Attend WSHFC Sponsored FREE Home Buyer
Education Course or Online WSHFC Course for $50
per adult family member that will occupy the

Not Required to Be a First Time Home Buyer Unless
Using MCC Also

Maximum Income of $97,000 Combined Household

NO Co-Signors or Non-Occupant Borrowers

Single Family Detached, Attached, PUDs,
Manufactured and Condos Allowed Per FHA, VA or
FNMA Guidelines

Borrowers Must Contribute 1% of the Purchase
Price or $1,000 whichever is less

Non-Traditional Credit Reports Not Allowed

For more information on this loan, please contact Cheryl Taylor at American Pacific Mortgage at cherylt@aplending.com or private message me at HomeLandInvestment@gmail.com.

Today's blog courtesy of Cheryl Taylor, American Pacific Mortgage.

Happy Investing!

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