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Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and exceptional credit are necessary.
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FHA Mortgage
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the opportunity to contribute as little as 3.5% for down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.
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VA Mortgages
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.
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Fannie Mae HomePath
Created specifically for purchasing Fannie Mae-owned properties,* this program features a Low Down Payment requirement and flexible mortgage terms (fixed-rate or adjustable-rate). You may qualify even if your credit is less-than-perfect. Available on both owner occupied and investment properties. No Mortgage Insurance or Appraisal are required. For additional information, see our special HomePath Page: www.evergreendoesloans.com/homepath.html
(*Due to foreclosures or deed-in-lieu actions).
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203(k) -- FIXER FINANCING
An FHA-Guaranteed Loan program to finance needed repairs, upgrades and/or remodels. From uncomplicated improvements or rehabilitation projects to major renovations or remodels, FHA 203(k) financing takes a house from 'needs work' to' to 'home sweet home!' For more information, visit our page 203(k) page: www.fixerhomeloan.com
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USDA Guaranteed Rural Housing
Guaranteed by the US Dept of Agriculture, this program helps low- to moderate-income families who live in rural areas or small towns purchase or refinance their primary residence. New or existing homes are eligible. Loans may be for up to 100% of home's value, and can include closing costs.* Applicants must meet modest income and credit requirements.** Call our office for more information.
* As high as 102% if the program's one-time 2% guarantee fee is included in the loan.
** Adjusted annual household income cannot exceed 'moderate income' limit for area.
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Washington Bond
This program, sponsored by the Washington State Housing Finance Commission, assists low- to middle-income borrowers by providing below-market interest rates to first-time home buyers.* Income limits vary by county and number of household members. Call us for more information on specific Bond programs, or to sign up for a First-Time Homebuyer Education Seminar. A schedule of our upcoming Homebuyer Classes is posted at: www.firsttimebuyerclasses.com.
* A first-time homebuyer is defined as someone who has not owned a home in the last 3 years.
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Special Refinance Programs
Fannie Mae DU Refi Plus is designed to help struggling homeowners refinance into a loan with better terms, reducing their foreclosure risk. Only loans which are currently owned by FNMA (Fannie Mae) are eligible for this program. We can help you determine if your current loan is eligible.
Freddie Mac's Relief Refinance features are similar to FNMA DU Refi Plus. Only loans which are currently owned by FHLMC (Freddie Mac) may be eligible for this program. Loan-to-Value ratio can be above 100%. No Mortgage Insurance is required. Appraisal findings or income documentation requirements may be reduced in some cases.
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No Down Payment--Down Payment Assistance!
A number of excellent opportunities are available to assist buyers who are short on down-payment funds. For an overview of these options, please follow the "GET THE DOWN" link on the left side menu of this page.
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Jumbo Loans
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full documentation.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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Investor Loans
Used to finance 1-4 family properties that will be for investment. Aggressively priced.
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