|
|
 |
| |
 |
| |
|
What type of financing program will meet your needs?
Here is a brief overview of some products & programs I have available.
Being a mortgage broker, we are able to select & discuss all options!
Buyers needing lower loan limits & having minimum funds to invest
- Loan limit $200,160 - single family home
- Buyer's total out of pocketcash can be as little as 3% of purchase price
- All can be gift funds to buyer
- Frequently offers more lenient underwriting
- Underwriting not "FICO Driven
Buyers needing higher loan limits and having more funds to invest Loan limit $417,000
- JUMBO loans above $417,000 available
- No mortgage insurance required with at least 5% down
- 5% minimum down payment plus applicable closing costs/prepaids
- 100% gift funds possible with 20% down payment
- Very quick approvals possible with "DU"
- Minimum FICO scores necessary
- Zero Down Payment Programs Available
Available only to veterans - 100% financing
- Loan limit $417,000 (including VA Funding Fee)
- 100% of buyer's closing funds can be gift
- Seller can pay up to 4% of closing costs & prepaids
Buyers who do not meet credit underwriting for financing shown above
- Approvals on a case by case basis
- Higher interest rates (generally 3% plus, depending upon underwriting risk)
|
| |
| |
Randy Barber - University Mortgage Inc.
3541 Teasley, Suite 200, Denton, TX 76210
Office: (940)484-5626 | Cell: (940) 367-6812 | Fax:(940)484-0072
E-mail: rbarber@randybarberonline.com
|
| |
|
