Rich Sweum

Think "Open Door!" 100% Financing / Zero Down Home Purchase Program

Homestead Mortgage is excited to offer our own "Open Door" 100% financing program. We are the only lender in Snohomish County to offer this program and only one of a handful in the state. It is a 95% first mortgage with a fixed rate 2nd loan for the remaining 5%. This is not a FHA, VA or USDA loan nor is it "seller funded down payment assistance." This program will also allow a 3% seller concession for closing costs and prepaids for a true "zero money out of pocket" option for qualified borrowers.

**Don't have to be a first-time homebuyer.

**Not a "rural" loan program.

**Not a "state bond money" program with the crazy restrictions and recapture fees.

**No Funding fee or pre-payment penalties.

I am very excited about this opportunity and believe that it will help qualified buyers get into homes!

Call me for details! (425) 297-4242

Rich Sweum

Senior Mortgage Consultant

Homestead Mortgage

LO License #510-LO-34209

In Real Estate, timing is everything...and if you can time a purchase to coincide with the bottom of a cycle, more power to you! But buying on the "slide" is the absolute best time to buy, because appraisal limitations haven't caught up to the sliding home values...they use comparable sales from the last 6 months for the most part in affirming value of the home you are purchasing.

RIGHT NOW Snohomish County presents some amazing purchase opportunities!

If you are a first time homebuyer, now is the best time to get pre-qualified and get connected with a realtor who is a professional. We have Zero down loans with down payment assistance, VA loans, and great pricing on all our loan products.

If you need to sell before you buy your next house, the agents I work with have been very successful in getting their listings sold for 3 reasons

1) they are pro's;

2) they price their listings correctly

3) they understand how to use down payment assistance and FHA to their sellers advantage.

Get pre-approved today!

"Short Sales" will be more and more commonplace in the next 2 years and the number of Realtors that are qualified and skilled at negotiating with loss mitigation and REO departments of banks will benefit. Now more than ever, it is imperative that you work with a Realtor who is a career professional and a lender who is well versed in providing financing for these types of transactions.

There is a great deal of "Fiction" regarding short sales out there right now AND many folks running around claiming to be able to handle these scenarios. It is like someone who found a scalpel offering to take out your appendix saying, "I saw the procedure on the learning channel...I can do it, no problem!"

Call me or email me! I can connect you with a local Realtor who is well qualified to handle these transactions! www.RichSweum.com