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Dream it, Own it Webinar

May 12, 2020 @ 10:00 am - 11:00 am

Instructor: Shirley Strangstalien, First Bank

• The loan amount can be as low as $50,000 up to $275,000
• ½% Origination fee
• Term Fixed rate, 30 years no prepayment penalty
• Buyer does not need to be a 1st Time Home Buyer
• Buyer is required to take a HUD approved housing class or a Homebuyer Education certification program
• Buyer to not own any other residential property at the time of closing – can own raw land or commercial property is acceptable
• Buyer contributions a minimum of $500
• Income & Asset restrictions – none
• DTI driven not to exceed 43%
• Credit Score minimum of 660
• Escrows required
• Property address is a qualifier of the loan program
• Gift & government agencies from a qualified source to pay towards 3% down payment & closing cost

 

 

Cost: Free