100% financing both inside and outside the city limits is back

Posted by on Tuesday, June 8th, 2010 at 12:19pm.

Many of you are aware the USDA (rural development) was out of money for the past few weeks.  We got the go ahead today to start taking new USDA Applications.

Many of you are not aware of a privately funded 100% program available with my new bank.  Yes 100% financing without location requirements.

There are a few guidelines to remember: (FIRST TIME BUYERS ONLY)

100% financing without Mortgage Insurance -  660 minimum FICO and the borrower must make less than 80% of the HUD Median Household Income ($54,080 for all of North Texas), all household income will be verified

97% financing withoug Mortgage Insurance - 660 minimum FICO and the borrower can make up to 100% of the HUD Median Household Income ($67,600 for all of North Texas), all household income will be verified

Interest rates are great! And no Mortgage Insurance increases the amount of home buyers can qualify for.

Give me a call or shoot over an email today!

 ROB SPRING, MBA (214-929-5810) rspring@bbandt.com

 

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