|
Are you a teacher, healthcare
worker, fire fighter, police officer,
military personnel or someone in
a civil service position? We have
a loan designed specifically with you in mind.
Neighbor Now might be a good fit
if any of the following describe
your situation:
- You have limited savings
for a down payment and /or closing
costs.
- You do not have a “Traditional” credit
history, but can show other ways
you have handled credit well, such
as, paying rent.
- You receive rent
payments from boarder, or income
from government benefits,
or other sources.
How the
Neighbor Now Program Works
Neighbor Now is available to
help you buy or refinance a
single-family home or condo,
or a two- to four-
family home that you will live
in as your primary residence.
Income
that can qualify you for mortgage
approval may include
many
sources besides
wages, such as boarder income
from relatives or non-relatives.
Proof
that you handle credit responsibly
may include rent payments;
payments for electricity,
water, or other
utilities as well as other
payments you make on a regular basis.
With Neighbor
Now, you need no money of
your own (necessary funds may come
from a
variety of sources including
gifts; grants; loans from
relatives
or
nonprofit groups; employer-assisted
housing;
or a secured loan from a
lender).
Neighbor Now includes several new
loan options that can make it even
easier to buy your new home such
as:
- 5/1 and 7/1 Adjustable Rate Mortgages
- 40
Year Fixed Rate Amortization
- 30
Year and 40 Year Fixed Interest
only loans
- 2-1 Buydowns (The first
2 years payments are at a reduced
interest rate
2% lower than a 30 yr fixed rate mortgage)
Neighbor Now includes several options
that can make it even easier to buy
a home. Contact
us to find out more!
|
