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102% Financing for Sherwood Oregon

102% Financing for Sherwood, Oregon.

Guaranteed!!

It is becoming harder and harder for a home-buyer to purchase a home, yet there are still many affordable homes if you have a down payment or the advantage of a program that helps you qualify for more home.

Through a litle used federal government loan program, we are able to offer financing up to 102% of the appraised price on the purchase of a new home. This allows for the purchase price, seller contributed closing costs and the cost of the one time mortgage insurance.

Eligible Persons

  • Have an adequate and dependable income.
  • Must be a U.S. citizen or be legally admitted to the United States for permanent residence.
  • An adjusted annual household income that does not exceed the published limits for Washington county . Call me for information on the income limits. Income includes the total gross income of the applicant, co-applicant, and any other adult in the household. It excludes certain expenses and adjustments. The larger the family, the more income is acceptable
  • A credit history that indicates a reasonable willingness to meet obligations as they become due.
  • Demonstrate repayment ability.

How to Apply

Homes that Qualify

  • Guaranteed loans can be made on either new or existing homes.
  • Plumbing, heating, water, waste disposal, and electricity must be certified as adequate and the dwelling must be free from termites and dry rot.
  • No restrictions exist on the size or design of the dwelling financed, but must be considered modest.
  • Must be a residence, not a farm.
  • Dwellings with in-ground swimming pools, are prohibited.
  • Homes must be located in rural areas. Rural areas include open country and places with a population of 10,000 or less and, under certain conditions, towns and cities with less than 20,000 population. Call me for a list of additional eligible areas..

Larry Morris is a loan Officer with American Nationwide Mortgage in Newberg, Oregon. He specializes in relocations and Sherwood, Oregon neighborhoods and Yamhill County. He can be reached at larry@PDX-Mortgage.com. His website is www.PDX-Mortgage.com. This material is copy protected 2007 by Larry Morris, Mortgage News that Matters. All Rights Reserved His opinions do not necessarily represent the views of Equipoint Financial Network.

Licensed in: OR, WA.

Posted Wednesday Mar 26