95/5 Financing (the 5% down payment is paid by a Community Second)
Seller is allowed to pay up to 3% toward buyer's closing cost and pre-paids.
No minimum out of pocket required for buyer!
Depending on Sales Price and Credit Score, possibly no Private Mortgage Insurance.
Not a First Time Homebuyer Program (but buyer cannot own a home at time of closing)
Credit scores must be 620+ (and must run through automation underwriting)
Household income can go up to $90,000.
Max DTI (Debt to Income) is 45%.
WOW!!!
The internet is the most efficient way to locate real estate in the Dallas market. Or is it? Homebuyers spend hours searching site after site trying to find the perfect home at the best price. And when they do find a great home, they try to contact the agent and never get a response or even worse they find out that the home had been sold a month before.
I have developed a program that will e-mail you the homes that meet your criteria the day that they hit the market. I call it my "Finder Program". It is Free, Fast and Easy to use. Just tell us what you are looking for and we will e-mail you those home. Find one you like, contact us and we will show it to you.
Dream Home Finder, Foreclosure Finder and Lease Finder
Areas that we service: Addison/Far North Dallas, Allen ISD, Anna ISD, Carrollton/Farmers Branch, Dallas North, Farmersville ISD, Frisco/Denton County East, Garland, Lovejoy ISD, Mesquite, McKinney ISD, Melissa ISD, Plano, Princeton ISD, Prosper ISD, Richardson, Sachse/Rowlett and The Colony.
Randal Newhouse
RE/MAX HiNet
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