Great news!

This is a new grant-based downpayment program that our partner lender is offering. You may be able to pay only .5% down! And the best part, the assistance $ is a grant so you don’t have to pay it back.

Highlights:

96.5% FHA 1st Loan, 3% Grant, ½% down payment from borrower
No city restrictions
Income limits apply, $80,040 (not based on total household income, just borrower’s income)
Minimum FICO 640
Minimum loan amount $50,000
1 Unit primary residence only
Single family residences, FHA approved condos, PUDs.
No manufactured housing
Home buyer counseling is not required
Non-occupant co-borrowers are not allowed.
All borrowers must occupy the property
Maximum debt to income ratio 45%
Flip properties: maximum 120% above seller’s acquisition cost

If you are interested or want more information, please email me (shane[at]dealdone.com) and I’ll have our lender contact you directly.

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