Korene's Blog

You probably know that the VA Mortgage Guarantee does not require a down payment.

You probably know that the USDA Mortgage does not require a down payment.

Do You know that there is NOW a FHA mortgage program that DOES NOT require a down payment?  There is  and we offer it to you with the following conditions:

1. Grant: 3.00% or 5.00% of the 1st mortgage total loan amount.
2. Grant is completely forgiven - no repayment required!
3. Grant can be used for down payment and/or closing costs.
4. Seller Credit of 6% is allowed.
5. Gift funds are allowed!
6. Can be paired with other Down Payment Assistance Programs.
7. Borrower(s) not required to be First Time Homebuyers.
8. Income Limit is based on qualifying income used for transaction, not household income.
9. 620 Minimum FICO, Maximum 45% DTI.
10. Income Limits: 115% of Area Median Income.
11. All borrowers must occupy property as primary residence.
12. The lesser of $417,000 or FHA maximum loan amounts permitted by HUD.
13. At least one borrower must have Homebuyer Counseling

Call me at 623-340-0934 or email me at korene@klcsloanteam.com and we will get you pre-qualified and on your way to purchasing your new home.

Korene L. Clopine-Seaman
Branch Manager / Senior Mortgage Originator / Veterans Certified Lender  
NMLS# 218520   AZ License # LO-0916745  CA License # DBO-218520
Direct Phone: 623-340-0934        Fax:     623-218-1807 eMail: korene@klcsloanteam.com  Mortgage Website: www.klcsloanteam.com