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FHA loan 2%–3.5% forgivable grant. ✔ Up to 96.5% financing ✔ Grant has no monthly payment ✔ No principal payback ✔ No resale restrictions ✔ Can combine with up to 6% seller concessions ✔ Non-occupant co-borrower allowed ✔ Only ONE borrower must meet eligibility Income cap is ≤160% of area median income OR qualify under one of the other eligibility categories. This program reduces the upfront barrier — without stacking multiple DPAs. #FHALoan #DownPaymentAssistance #FirstTimeHomeBuyer Mitchell Du
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VA loans are not the only loans are Assumable! Civilians can also assume FHA loans! ✨ What's an Assumable loan? It allows you to take over the Sellers existing mortgage loan (4.5% in this case). BUT you have to pay the GAP. The GAP is the difference between what the Seller owes and what they are listing the home for. In this case, they GAP is only $4,000! Which is awesome!! If you want a list of Assumable Homes currently on the Market- DM me! Interest rates are high. With a little creativity and
480 views2 weeks ago
TikToktamika.caldwell
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