HOMEBUYERS?
Yes
Affordable First time home buyer options
WSHFC Home Advantage
NHF Platinum
MCC Tax Credit
WHAT IS AN NHF PLATINUM LOAN?
True Grant For Down Payment and Closing Costs
and or Pre-Paid Items
Income Less Than $103,040 In King and Snohomish
Counties
FHA/VA 5% of First Mortgage Amount
Conventional 3% of First Mortgage Amount
USDA 3% of First Mortgage Amount
QUALIFYING
FHA 640-659 FICO 45% DTI
FHA 660 and Above 50% DTI
Manufactured Homes 660 FICO
FNMA My Community 97% 680, FICO FNMA Income
FNMA My Community 95% 640, FICO FNMA MCM
FNMA Condo 95% and lower LTVs
Standard FNMA 95% 740 FICO 140% Area Median
Income
1 Unit Properties only
Maximum Loan Amounts $417,000
1.5% Origination Fee All Programs
This is simply a general outline of financing available for first-time homebuyers. If you are interested in learning more about your qualifications to buy your first house, please send me a private message at HomeLandInvestment@gmail.com or call my 24/7 recorded hotline at 888-621-4999.
Happy Investing!
Today's blog courtesy of Cheryl Taylor, American Pacific Mortgage
2 comments:
Hi Wendy, The challenge for many first time home buyers is to be fully aware of their credit Scores, and to take action to put themselves on a path to improve their scores so they can get what they want in a mortgage.
Also,on a very positive note... We are at a new low in market rates. http://www.mortgagenewsdaily.com/consumer_rates/566495.aspx
Thanks, Cheryl! This information is very valuable for my first time home buyers out there!
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