Would you or your borrower like to keep extra cash monthly? The home seller or builder may pay up to 6% in closing costs which can allow enough $ to pay for 3-6 months of your interest payment on the new mortgage. Borrower would pay the principal (which is a very small amount at the beginning of the loan) and the escrows and that is all each month. For example on a $150,000 loan:

$144,750 Loan Amount with 3.5% down (could be a gift*)

$ 9000 seller can pay in closing costs - max 6%

$ 5000 actu… Continue

100% Financing with NO Mortgage Insurance.
102% of APPRAISED Value is used for LTV.
2% Funding Fee is added to the loan.
Median Income: $75,500 Household of 1-4
$100,000 Household of 5-8
-Beaufort and Jasper Counties are eligible in
all areas—except for Hilton Head.
-Rates are competitive and the we now
approve the loans.
-Collection accounts may not have to be paid—
it is determined by the underwriter!
-High Ratios may be approved with
compensating factors such as credit score over
620, stable… Continue

Why do an FHA loan for a primary home purchase:

Down payment can be gift rom family, employer, etc.
Mortgage Insurance is much less than a conventional loan
No income restrictions like USDA
Great pricing - can do with no points or a buydown
Quick and easy to approve and close.

Please give me a call if I can answer any questions or if you wish to be prequalified at no cost:

Elagene F. Trostle
Sr. Mortgage Consultant
843-342-3900 x8 Office
843-338-9017 Cell
1-877-342-3900 x8 Toll Free
ElageneT@… Continue