The eligible property types are:
• 1 to 2-unit properties
• Fannie Mae/Freddie Mac-warrantable condominiums
• Planned Unit Developments (PUD)
• Manufactured homes (double-wide only)
Max loan to value ratio for Second homes is 90%.
Max loan to value ratio for Investment property is 85%.
If you are looking to acquire an investment property this is a great program for it!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…
I wanted you to know about a mortgage program that doesn’t require any income documentation…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…