We are currently providing a program that allows you to purchase homes in this difficult market. Please email me at smallbizhelp@aol.com or call 641.715.3800 Access Code: 96217 #Ext. 3001 & leave a message if you would like to get pre-qualified within 48 hours. Thanks.
Requirements:
* 560 Credit score minimum (all three scores)
* 95% LTV Financing (buy a home with only 5% down)
* 50% DTI (debt to income ratio)
* 2 Years continuous employment (change in industry OK)
* NO Verification of Rent
* 2 Active Trade Line Requirement (0 x 30)
* NO prepayment penalties
* 30-year fixed rate financing
* Rates start at 7.4%
Job time – continuous 2 years, change in industry OK. (Less than 2 years – case by case)
Value range – $75,000 to $417,000
Collections, Liens and Judgments – not over total aggregate of $5,000 (if exceeds, can be paid down to qualify level)
Bankruptcy and Foreclosure – 24 months minimum
Mortgage – No late payments for last 24 months
Friday, October 24, 2008
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