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EMERGING MARKETS 100% FINANCE

Benefits
• One-month cash reserve requirements.
• Closing costs in the form of approved Home Ownership Down Payment Assistance Programs.
• Maximum conforming loan amount.
• Higher LTV than the standard 5% Down with 3/2 Option Mortgage.
 

Features
Transaction Type Purchase transactions only.
Occupancy Primary occupancy only.
Temporary Buydowns Not Allowed.
Assumptions Not allowed.
Prepayment Penalty None.
Subordinate Financing Secondary financing is allowed with approved Home Ownership Down Payment Assistance Program. 
Qualifying Ratios Maximum total obligation ratio of 38 % 

So what does all of this mean?

EXAMPLE:

Fort Collins

 

3 bed, 2 bath, 1 car garage

 

$144,900.00

All figures are calculated at 6% APR  

Principle & Interest Monthly Payment $842.69
Property Tax $120.833
Homeowners Insurance $30.00
Mortgage Insurance $0.00  (Lender paid mortgage insurance)
Total Monthly Payment $993.52

This means that you need to have a household income of $2,620.00 per month Gross income.

 

 NO MONEY DOWN HOME PRESENTATION 2005 SALES STATS GAMES

Jeff Puckett

 Office: (970) 419-6584 Cell: (970) 481-0451 Fax: (970) 223-6933 E Mail Me
This page features Fort Collins real estate, and homes for sale, land for sale and other real estate for sale in Fort Collins, Loveland, Greeley, Wellington, Windsor, Berthoud, Longmont, Cheyenne, and neighboring communities. Search this site for homes for sale in Larimer County communities including, Fort Collins, Loveland, Greeley, Wellington, Windsor, Berthoud, Longmont, Cheyenne, and find your dream home! Jeff Puckett, an experienced real estate professional, can help you buy, sell or lease a home or other real estate throughout the Larimer County, Fort Collins, and the surrounding communities. The very best Realtor you can find anywhere.  Jeff Puckett, a Fort Collins realtor with property for sale through out Colorado and the Front Range.  Jeff Puckett has the tools to help you find no money down property, no money down homes, government loans, owner financing, owner carry, real estate investments, duplex, rental property, new construction, foreclosed property, foreclosures, horse property, land, construction loans, and anything else real estate related you may need.  Jeff Puckett is the perfect realtor for you.