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Down Payment Assistance Is Available
Dated: October 20 2016
Do you want to buy a home, but think you can't afford it?
There is a 1% down program that you will want to take advantage of.
Guaranteed Rate will “grant” the buyers 2% of their down payment if they qualify.
Here are the highlights of the program:
Purchase transactions only.
All 1-unit property types are eligible.
97% LTV Conventional 1st Mortgage (Only available for 95.01-97%).
LTV1% of total purchase price is required as down payment from borrower's own funds (no gifts).
2% Grant from Guaranteed Rate Grant is based on total purchase price.
Home-buyer Education is only required if ALL borrowers are First Time Home Buyers.
Maximum loan amount: $417,000
Borrower must meet census tract based income restrictions, or property must be located in a targeted area.
Guaranteed Rate Guidelines:
Minimum FICO - 680
Maximum DTI: - 45%
Contact me today for more details!
Hello! My team and I are passionate about helping people build stability and wealth through solid investments in real estate, either for their personal residence or for investment purposes. We also LO....
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