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Browse through our frequent homebuyer questions to learn the ins and outs of this government backed loan program. Maricopa County offers eligible applicants the Home in Five Advantage program. This program helps low- and moderate-income individuals and families buy a home with down payment and closing cost assistance.
The DPA is only available in conjunction with a HOME+PLUS mortgage. While HomePlus Mortgage doesn’t explicitly list its fee structure online, its website does indicate that it offers zero-origination fee loans. Typically, brokers do not charge borrowers fees, but the lenders they work with do. We do not offer or have any affiliation with loan modification, foreclosure prevention, payday loan, or short term loan services. Neither FHA.com nor its advertisers charge a fee or require anything other than a submission of qualifying information for comparison shopping ads. We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors.
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I pride myself on providing my clients with the highest level of service, support and communication throughout the entire mortgage process to ensure as smooth a transaction as possible. Whether you are buying a new home or refinancing your existing mortgage, I will do my best to secure the most competitive rates and terms for YOUR individual scenario. I look forward to working with you and the opportunity to earn a customer for life.
You can estimate your monthly payments by using our payment schedule estimator here. This handy tool gives you an instant estimate of your payments over time, taking into account amortization. Note however, your local Prague area banks and/or credit unions will give you their more exact estimate based on your unique financial situation, credit score, assets, income, etc.
) Who can qualify for a subprime mortgage loan?
There are many different types of home loan products available for buyers in Prague, NE these days. This includes adjustable-rate mortgages and fixed-rate mortgages. Let us delve deeper into the kind of home loans available and who they are best suited for. All borrowers on the mortgage must have a minimum credit score of 640 or better. HOME+PLUS Home Buyer Down Payment Assistance Program provides a 30-year fixed-rate mortgage combined with down payment assistance ranging from 0% – 5% depending upon the new underlying first mortgage. The DPA can be used toward the down payment, closing costs, or a combination of the two.
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Qualified U.S. military personnel, Veterans, active duty military, active reservists and active members of the National Guard are eligible for an additional 1 percent of down payment assistance. Subject to change at any time, this allocation is limited and available on a first come, first serve basis. Be smart when it comes to your FHA loan and your financial future.
ZIP Codes in Prague, NE
I am dedicated to walk you through the loan process step by step. HomePlus Mortgage has a well-established track record for providing excellent rates and service. In addition, with my experience, you’re certainly in good hands with us. We provide maps above pinning the banks and credit unions who have provided Prague Oklahoma homeowners with subprime mortgage loans in the recent past.
I have experience with a wide variety of loan programs including Conventional, FHA, VA and Jumbo. Whether you’re looking to purchase a home or refinance, HomePlus Mortgage offers the lowest rates combined with exceptional customer service. Once we have found the loan that best meets your financial goals, I will work with you to make the loan process as easy as possible for everyone involved. We will go over all of the details of the mortgage process so you will have confidence throughout the transaction.
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He locked me into an EXTREMLY low rate and saved me thousands! If you’re facing mortgage payment problems, talk to a HUD-certified housing counselor. What I’m so impressed by is the fact that Union Plus is providing benefits for and actually caring about hard-working Americans.
After graduating with a finance degree at the University of Central Florida in Orlando in 2005, I decided to move to Dallas, Texas to be closer with my mom and sister. Since then, I take great pride working in the mortgage industry and have been assisting homeowners for over 16 years. I will provide you the information you need on the rate and payment and let you decide what is best.
Furthermore, the fee for this inspection can be covered by the DPA funds. The assistance money comes from a revolving pool of funds to assure continuous funding. For a rate quote, you’ll need to complete a form with your information online. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property. Dedicated to the Mortgage Industry for over 20 years, I pride myself on outstanding communication, transparency, and above all loyalty. Clients benefit from my long-standing relationships with 30+ lenders and their vast array of programs. Each loan is VERY personal to me and I take the time to understand my client’s needs and goals.
An adjustable-rate mortgage typically offers a lower initial interest rate for the initial time period, but that rate is evaluated and adjusted in the future according to the terms. The assistance money received is a silent second that has no interest, no payment and is forgiven monthly over the first three years of home ownership. The lien is completely forgiven after you stay in the home for three years without refinancing. The purpose of the silent second is to provide stability and ensure the ongoing success of the Home Plus Assistance Program in Arizona. And a paper copy of your application will be mailed to you within three business days. However, the broker does not offer e-closings; all final loan documents must be signed in person in front of a notary.
The borrower should look around and use the internet to get the info they need to make an informed decision. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to homebuyers looking for a jumbo loan. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its impact in the communities it serves, commitment to customer service, strength in regulatory compliance, and workplace culture. Hi, my name is Chris Snyder and I am a loan officer with HomePlus Mortgage.
To be eligible for the Home Plus Mortgage Loan Program, the applicant and the loan must meet the following requirements.
FHA loans in Prague, NE are offered by the Federal Housing Administration, a branch of the Department of Housing and Urban Development, or HUD for short. The FHA has a mortgage insurance program to cover lenders, and its FHA loans are an option for any type of borrower, meaning it's not only first-time borrowers who can get an FHA loan. That mortgage insurance covers any losses the mortgage lender would have if the borrower defaulted. One significant advantage with an FHA loan for the borrower is that they can get one with a much lower down payment, even as low as 3.5 percent of the home's total cost. The drawback with FHA loans is that the borrower must cover the cost of mortgage insurance, which adds to their monthly loan payment. They wouldn't need to pay as much if they put down a larger down payment and got another type of loan.
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