• Needs to be residence that is primary
• Fixed prices with 10, 15, 20, 25, or 30 12 months terms | advance re re Payment as little as 5%
• Dwelling value needs to be higher than or add up to 30% of this value that is appraised
• Minimal credit rating 680
• Must include no less than 5 acres
• One note and home loan for the acreage that is entire house
• Competitive rate pricing that is fixed
• LTVs 80/95

Jumbo Loan

• This really is an excellent choice for loan quantities which are too big for the loan that is conventional
• Allows the borrower to own only 1 loan to pay for the amount that is entire

This loan can be obtained to individuals with a minimal official certification of m.d., D.O., D.D.S., or D.M.D.

• Health professionals podiatrists that are including Ophthalmologists and Veterinarians.
• A work agreement or verification of regards to employment should be supplied.
• 5% minimum advance payment
• Primary Residence just, 1 Product
• Healthcare scholar Loan Debt is almost certainly not contained in Debt to Income Ratio
• Gift Funds may be put on the payment that is down
• Versatile loan programs up to $1,000,000

Construction to Permanent, Modular and Manufactured Homes

• Designed for modular and homes that are manufactured
• The loan closes just before construction, protecting the builder and permits the borrower more freedom
• There was just one closing and so the borrower just covers one pair of closing expenses and alterations in circumstances during home construction shall perhaps perhaps not affect the financing.
• All kinds of federal government loans are allowed; mainstream, RHS, FHA, and VA.

Stockton could be the # 3 KHC Delegated Lender by Amount

KHC 97% Conv. – No MI

• Cost up to 243k
• 680 credit rating
• No home loan insurance coverage
• May be used together with MCC credits
• 3% advance payment will come from KHC Down Payment Assistance funds
• DTI as much as 50percent
• Borrower can simply possess one house
• Prior homeownership allowed

KHC

• All KHC loans underwritten by SMC underwriters
• DAP funds may be used with KHC very first home loan items
• DTI as much as 50per cent
• Credit score down seriously to 640
• Brand brand New GNMA item allows time that is second to shop for a house in most Kentucky counties without any cash down
• On additional FHA/VA system the debtor can obtain one or more home
• Reduced MI rates

Indiana State Sponsored System

• First time and non-first time homebuyers • Owner occupied only • Borrower can simply acquire one home • Minimum get FHA 660 / old-fashioned 640 (reduced MI-18%) • DAP- No Interest/ No re re Payment (2 year recoverable) • DAP up to 3.5% for FHA and 3% for old-fashioned of price • DTI up to 45% • MCC Available with IHCDA and non IHCDA financing • DAP is a silent second—forgiven after a couple of years • 30-year fixed rate loans • No purchase cost limit • earnings requirements use

THDA Great Preference Program

• 30 12 months fixed price
• 640 minimal credit rating
• Maximum home income & cost by county
• Advance payment support available
• First-time homebuyers, perform homebuyers (with criteria)
• Army programs available with rate reduction
• MCC certificates available
• Optimum LTV 96.50 but DPA is present to any or all homebuyers for as much as 5% to protect down closing and payment costs
• Optimum DTI with accept eligible 45%

Loan Needs

• 1-4 household properties, condos, PUDs • Income/Purchase Price limits – Use ‘Lender Online’ Tool (divided by household size and county) • DPA does work second mortgage • Homebuyer education is required • main-stream, VA, USDA 640+ 45% max DTI (660+ 50% DTI) • FHA 660+ 45% DTI • 36 months income income income tax returns needed on all

Schedule

• 1 – make reservation for funds • Automatic email sent tom borrower to receive counseling day

Deposit Assistance (Very First Time Homebuyer)

• 2.5% or 5% • 2nd mortgage forgivable second • Can be applied for closing costs or advance payment • Forgiven after 7 years (cannot sell or refi through that duration or due in complete)

Funds for Grads

• Graduated within 48 months with connect level or more • prices are less than old-fashioned time that is first • 2nd mortgage is forgivable at 20percent each year for five years • May be subordinated

HFA Preferred

• predicated on Fannie Homeready • 97% LTV • No loan degree price adjustments • are along with DPA as much as 102% CLTV • Cannot very own other properties

Ohio’s Hero system

• Active military or veterans • Fire fighter/EMT/Police/Teachers/Healthcare (direct client care, FT, avant loans licensed) • prices are less than very first time house customer

Web Home Loan Program

• Not required become time that is first • might have ownership fascination with main in the past three years • just available with advance payment support

MTC Plus System

• Mortgage credit certificate program • *MTC basic are provided with your very own item (20% income tax credit)

MI Mortgage

• Readily available for all first-time homebuyer and some past home owner, influenced by home location
• Some approved condos and produced houses
• Credit history down seriously to 640- Alternate Credit Accepted
• No Hombuyer Education required
• LTV 97percent
• DTI 43percent
• Optimum purchase price- $224,500
• Domestic income limitations apply

Advance Payment Assistance

• Assistance up to $7,500
• Ought to be the main residence
• Homebuyer education is needed
• Resource limitation of $10,000

Advance Advance Payment Assistance

• $15,000 (must utilize all funds)
• 20% Forgiven/YR
• Homebuyer Education Required
• Must certanly be residence that is primary
• Approved condos and existing or new(affixed) produced housing

MI Flex Loan

• Main residence needed
• Some authorized condos, no produced housing
• Credit rating down seriously to 660
• Homebuyer education necessary for main-stream
• LTV 97percent
• DTI 45percent
• Optimum purchase price- $224,500
• Domestic income restrictions use

Advance Payment Assitance

• Assistance up to $7,500
• Not essential become residence that is primary
• Homebuyer education is needed
• Resource restriction of $10,000