This will give first-time home buyers help in saving money for down payments and closing costs.<\/p>\n
Some Details are;<\/p>\n
\u2022\t3% down payment with monthly PMI premium and no upfront MI competes directly with FHA.
\n\u2022\tMortgage Insurance is required and is available from all approved Mortgage Insurance providers.
\n\u2022\tAt least one borrower on the application must be a 1st time homebuyer as defined by a lack of home ownership or interest in a home in the last three (3) years
\n\u2022\tThere are no income limitations
\n\u2022\tGift funds for down payment and reserves are allowed per standard FNMA requirements<\/p>\n
Regards,<\/p>\n
Samuel T. Pink
\nNMLS 657509
\nHome Mortgage Consultant<\/p>\n
HomeServices Lending, LLC | 355 Alhambra Circle, Suite 950 | Coral Gables, FL 33134
\nCell (305) 785-8066 | Office (305) 960-2786 | Fax (844) 332-7520<\/p>\n
SamPink@homeserviceslending.com<\/p>\n
https:\/\/samuelpink.homeserviceslending.com<\/p>\n","protected":false},"excerpt":{"rendered":"
This will give first-time home buyers help in saving money for down payments and closing costs. Some Details are; \u2022 3% down payment with monthly PMI premium and no upfront MI competes directly with FHA. \u2022 Mortgage Insurance is required and is available from all approved Mortgage Insurance providers. \u2022 At least one borrower on<\/p>\n