I can assist with 20+ years in the Mortgage Business as an Underwriting Manager as a DE & LAPP Underwriter--- At the Bank of Ozarks we offer 100% No money Down if you meet these parameters. Call Deddrick T. Wilmer @ 281-636-3638 AVP-Community Development-Home Loans ? Loan Term: 10,15,20 & 30 years Fixed Rate
? Eligibility: Either Properties located in Low to Moderate Income Census Tracts (Unlimited Income) or High Minority Areas >50%(Unlimited Income); or Not to exceed $4533 Monthly (Qualifying Income Only) if not located in areas above
? Loan Amounts $424,100 Max---LTV Limitations: Max LTV: 100%, Max CLTV: 105%
? PMI Requirements: None
? Credit Score: 600 (97% Max LTV) 660 100% Max LTV)
? Seller Contributions: Maximum of 6% of the lesser of the sales price or appraised value.
? Premium Pricing: Borrower can pay an interest rate premium to buy closing cost credits up to 3% of the loan amount. Property Types: 1-2 unit SFR,PUD, Townhomes, Condominiums-(Non Warrantable) We can close your loan 25 days or less!!!!!! Call Deddrick T. Wilmer @ 281-636-3638 AVP-Community Development-Home Loans--Bank of Ozarks
Yes there are as mentioned by my colleagues but the key point here is that if you go buy a house with almost 0 down, you want to make sure you are buying in a neighboorhood which will se serious growth and has good appreciation potential. Otherwise you risk being underwater (the value of your home would be less than the loan balance).
There are many different options for down-payment assistance. One place to look is the Texas Dept of Housing and Community Affairs. There are also lenders that have some creative financing options as well as finding homes with in which you may be able to receive closing cost assistance. If you would like more information regarding some of the alternative options, please feel free to reach out.
Angela, There are several programs available in Texas but may be determined by area, qualifications and other factors. If you would to be pre-approved with this in mind before deciding which is best for your situation, you can text me at 713-299-5832 and I can get you started in the right direction. Sandra
Hi Angela, There are Down Payment Assistance Programs available such as tsach, MCC , SETH and others depending on where you will be relocating too. You can get in contact with myself; Stacy Burgin with Terra Point Realty, or my preferred lender; Thu Phi with Amcap Mortgage
Yes, there are many programs out there. In addition to the SETH program, there are programs based on counties, professions and income. I'll be happy to help you with any additional questions. My contact number is 832-978-2372
One of my preferred lenders actually sent me a flyer on the Seth Down Payment Assistance Program! It can provide down payment AND closing cost assistance, up to 6%. I'd be happy to forward it to you!
I'd highly recommend contacting Clayton and see if you qualify!!
Clayton A. Gray Union Home Mortgage Team Lead/Sr. Loan Officer UHM NMLS #2229 LO NMLS #298840 www.unionhomemortgage.com/cgray c: 832.748.7283 f: 832.209.8062 e: claytongray1@gmail.com