Down Payment Assistance Is Available

Dated: 10/20/2016

Views: 258


Image title


Do you want to buy a home, but think you can't afford it? 

There is a 1% down program that you will want to take advantage of. 

Guaranteed Rate will “grant” the buyers 2% of their down payment if they qualify.

Here are the highlights of the program: 

Purchase transactions only. 

All 1-unit property types are eligible.

97% LTV Conventional 1st Mortgage (Only available for 95.01-97%).

LTV1% of total purchase price is required as down payment from borrower's own funds (no gifts). 

2% Grant from Guaranteed Rate Grant is based on total purchase price. 

Home-buyer Education is only required if ALL borrowers are First Time Home Buyers.

Maximum loan amount:  $417,000 

Borrower must meet census tract based income restrictions, or property must be located in a targeted area.

Guaranteed Rate Guidelines: 

Minimum FICO -  680 

Maximum DTI: - 45%


Contact me today for more details! 

www.collincountyrealestateforsale.com

Blog author image

John Brooks

Hello! My team and I are passionate about helping people build stability and wealth through solid investments in real estate, either for their personal residence or for investment purposes. We also LO....

Latest Blog Posts

Lovingly Maintained DeSoto TX Texas 2300 Sq Ft 1story 220K Hurry

JUST LISTED! Gorgeous curb appeal on an oversized corner lot. Step inside this lovingly maintained #justlisted home with plenty of space for your whole crew! 2,300 sq ft! Hurry - at under $225K

Read More

Incredible 19 Acre Ranch Estate In Peaster ISD

Incredible 19 acre ranch estate with magnificent views in the desirable Quail Springs Ranch just outside of Weatherford, TX. This property has privacy and serenity, yet easy accessibility.

Read More

Keys To Success In Selling A Home

As you might imagine, I'm super-pumped about our Video Series, "Keys to Success in Selling your Home"! Check out these awesome tips and tricks to help YOU maximize your return and

Read More

Keys To Success In Buying A Home

Wondering how to succeed in buying a home in today's super-strong, competitive real estate market? John Brooks, Broker with JB Real Estate Group in N. Texas shares insights gained from helping

Read More