Guest blog post by Alliance Member: Starkey Mortgage
At Starkey Mortgage we can assist you in getting all or part of your down payment. We understand the difficulty it sometimes takes to save that required down payment. You can afford the monthly mortgage payments but just haven’t had time to save all you need to get into your dream homes. Allow us to help.
We have 2 options that may fit your needs.
FHA
Assistance up to 6% of loan amount
Max purchase price – $274,000
limit (borrower and not household) – $81,075
CONV
Assistance up to 4% of loan amount
Max purchase price – $324,000
Max income limit (borrower and not household) – $98,560
They don’t have to pay back the grant and credit score requirements are as low as 640. No 1st time home buyer requirement and borrower must complete an online home buyer course (2 hrs.).
Don’t let the higher rate concern you. You can refinance in as early as 4 months and use our lender paid MI program to eliminate your requirement for mortgage insurance. It truly is a win-win opportunity.
If you have a buyer, or you yourself, need that extra amount to purchase, please contact Mike Turk with Starkey Mortgage:
Mike Turk – SVP Area Manager, NMLSR# 219193
Office: 682-433-5101 Cell: 817-721-4447 www.TurkHomeLoans.com
