THIS IS FANTASTIC NEWS!
March 2, 2011
As many of you know, the real estate market recovery will not happen without simpler, easier to obtain home financing. All of the banks have been so tight the last 3 years, they have shut out hundreds of thousands of would be buyers.
A large national lender, also local in Denver, has recognized the need for in house portfolio lending for owner occupied homes. They are using common sense underwriting and have reduced FICO scores of 620 or higher.
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You can only own 1 property, the one you are buying.
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You cannot keep any other property. (no exceptions, sorry investors)
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30 year fixed rate today at 5 3/8% , no PMI and......
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UP TO 100% financing ($417K loan limit) and the seller may pay the closing costs (3% max).
This type of financing tool will help me sell more homes for my clients and my buyers will be getting the best loan available in DENVER. Over the years, I have taken pride in providing the best information to my clients. Call or text me if this will help you decide to buy or sell. 303-989-9000!
Typical loan examples at 5 3/8%:
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100 K loan.......P&I $560. + Taxes and Insurance (no mortgage insurance, this can save $100-200 p/mo in mtg payment expense)
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200 K loan.......P&I $1120. + Taxes and Insurance (no mortgage insurance, this can save $100-200 p/mo in mtg payment expense)
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300 K loan.......P&I $1680 + Taxes and Insurance (no mortgage insurance, this can save $150-250 p/mo in mtg payment expense)
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400 K loan.......P&I $2240 + Taxes and Insurance (no mortgage insurance, this can save $200-300 p/mo in mtg payment expense)
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700 K loan.......P&I $3920 + Taxes and Insurance (no mortgage insurance, this can save $200-400 p/mo in mtg payment expense)
Jumbo loans available up to 1 million with 10% down!, no origination fee
Availability of financing has always been a primary market driver. My clients will get their home sold quicker with programs like this.
As always, my goal is to help you find the best home and the best ways to own it.
Call me TODAY with you questions regarding fantastic home loan programs! 303-898-9000 or you can click here to email me! I am available with all of the answers YOU need!