Budgeting for a new home may require you to access a down payment assistance program. There are several options that require repayment while others offer grants that you do not have to pay back.
Buying A Home Just Got Easier
As Mortgage credit remains extremely tight, about 90% of mortgages originated in 2013 went to borrowers with FICO scores of 660 or higher. Most lenders won't consider buyers with FICO scores of 550 but I have some good news for you, there is a new government program offered that helps meet the individual needs of buyers with reduction in FICO to 550for FHA, VA and USDA.
FHA Purchase Programs:
Minimum 550 FICO, up to 90% LTV
580 FICO, up to 96.5% LTV
Gift funds OK for entire down payment!!
No closing costs
The seller can contribute up to 6% towards your loan
Flexible loan programs, 30,20,15 year fixed and 5/1 adjustable loan programs
If you are looking to buy a home but thinking that you might not qualify- think again! please contact me for more information about this program and you might be on your way to purchase your dream home!
Lily Ovrutskiy uses her 10 years of experience to help her clients achieve their goals in the least amount of time and with the least amount of stress possible. Lily represent sellers and buyers of all levels who are looking to list and sell their homes for top dollar using first class technology based marketing programs specializing in Aurora, Centennial, Parker, Lone Tree, Highlands Ranch and many other Denver surroundings. Contact Lily at 720-339-9663or email [email protected] for more information.
Mike Conner is a full time REALTOR who has been making his client’s dreams a reality for over ten years. Based in Centennial, Colorado, Mike is the expert to help you with all your home buying and s....