MONEY, MONEY, MONEY!!!
That’s right! Down Payment Assistance GRANT MONEY is back! It is available to those that qualify to cover the 3.5% down needed for FHA or 3% down for Conventional with NO Mortgage insurance. Call our Redux Realty preferred lender Glen Bralley (NMLS ID # 233063) for all the details at 703-898-5982 but here are a few:
- Income limits for households of 2 or less is $97,520 and for 3 or more $113,840
- FHA option allows for credit down to 620 and Conventional down to 660
- NO BK, Foreclosures or Short Sale clients
- All collections and judgments must be paid off
- FHA maximum sales price is $500k and Conventional has a MAX LOAN of $417,000
- 45% ratio maximum
- Can’t have owned a home within the last 3 years
- Primary residences only
- Limited supply, so get your buyers fully approved now so they can buy a home fast before the funds are all used up! They can use this GET STARTED link to FastTrack your approval process.
Let us know if you have any questions…Happy Buying!