Loan Parameters:

• 620 Minimum Credit Score.
• One borrower must be a First time home buyers for 3% down payment (otherwise 5% down payment is an option)
• Loan amounts up to $647,200.00
• Fixed rates and terms of 10, 15, 20, 25 and 30 years
• No prepayment penalties to pay extra or early
• Purchase transaction of primary residence only
• Citizen, Permanent Resident or Work Visas are allowed
• Full documentation using tax returns and w2’s or 1099’s
• Escrows required, taxes and insurance must be included in the monthly payment
• Gift Funds for a relative are allowed
• Home must be livable
• Debt to income ratios, up to 48%
• Seller Contributions up to 3% of the loan amount.
• Recently renovated home, new construction or older home is allowed. Single family residence and town home as well