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There are currently 55 blog entries related to this category.
100% Financing with the BB&T CHIP Loan now in TEXAS!
Tuesday, August 31st, 2010 at 1:33pm. 2240 Views, 2 Comments.
We have 100% and 97% Programs available on traditional and "underserved" Census Tracts!
(NO Mortgage Insurance and NO Funding Fees Required on either loan)
The 100% loan requires a minimum 660 credit score.
The 97% loan does not have a minimum credit score but it does require a minimum of 2 current trade lines with 12 months history, no late payments on anything in the last 12 months and no new collections in the past 12 months when the credit score is under 620.
Both programs are available all over TEXAS but have a "Household" Income Cap if the property is not in an "Underserved Area" which is based on the HUD County Median Income.
How to find out if your listing is in an "Underserved Area":
97% financing w/ no minimum credit score!
Monday, June 21st, 2010 at 12:05pm. 480 Views, 0 Comments.
No minimum score required! - (Most recent 12 months must be clean, no BK or Foreclosure in past 3 years)
Household income cap $67,600, for most areas in North Texas - (look for more on how the cap is waived in the coming days!)
3% down payment can be a gift
$500 minimum out of pocket must be verified in borrower's account
No cap on seller concessions for prepaid items or closing costs AND NO MORTGAGE INSURANCE!
email: rspring@bbandt.com with this exact subject line for more info: BBT Affordable Housing Info
To request an application by email, send an email to: rspring@bbandt.com with this exact subject line: APPLICATION
100% financing with a mimimum 660 credit score!
Monday, June 21st, 2010 at 12:04pm. 417 Views, 1 Comments.
100% financing with a 660 credit score!
Household income cap $54,000, for most areas in North Texas - (look for more on how the cap is waived in the coming days!)
$500 minimum out of pocket must be verified in borrower's account
No cap on seller concessions for prepaid items or closing costs AND NO MORTGAGE INSURANCE!
email: rspring@bbandt.com with this exact subject line for more info: BBT Affordable Housing Info
To request an application by email, send an email to: rspring@bbandt.com with this exact subject line: APPLICATION
100% financing both inside and outside the city limits is back
Tuesday, June 8th, 2010 at 12:19pm. 391 Views, 0 Comments.
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…
Still a Great time to Buy or Sell a home
Saturday, May 29th, 2010 at 9:26am. 394 Views, 2 Comments.
With the ending of the tax credit, buyers seem to have put the buying process again on hold and are back on the fence waiting for that next great deal to come along. History shows that we gain nothing by waiting, someone else that took advantage of the deal now is reaping the benefits.
With this slow down in the market, Realtors are having to come up with incentives to encourage buyers to get motivated again, we all like free money, so one way is the 20% rebate Nu Home Source gives their buyers and now they are adding just a little more to the pot by running a summer special for sellers of a 4.5% listing fee. This 1.5 % savings is designed to help sellers and buyers so the sale of your home can be a win, win for all concerned.
Incentives are a plus but even…
