Purchase Loans
Purchase Loans
- 1, 2, 3, 4 units properties including condominium units.
- Home possible program 3.00% (single-family).
- FHA loans of 3.50% down payment on all unit properties including condominium if the unit is FHA approved.
- All properties must meet FHA guideline requirements to be able to achieve financing with such product.
- 3 family FHA loans–property must pass self-sufficiency test to qualify (75% of rents must meet total mortgage payment amount).
- Conventional loans with no mortgage insurance or very minimum amounts
- 203k loans- certain guideline requirements must be met).
