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Available to Idaho home buyers April 1, 2014.

The long awaited 5% Down Payment Assistance (DPA) option is a 2nd Mortgage that requires a modest 620 credit score.

  • FHA
  • VA
  • RD
  • CONVENTIONAL
      • DPA up to 5% of the Sales Price
      • DPA can be used for Closing Costs
      • Minimum 620 Middle Credit Score
      • Manufactured Housing is OK!
      • Income Limits Apply if Using DPA – Otherwise 3.5% down (Can be Gifted)
    • True 100% Loan
    • DPA up to 5% of the Sales Price
    • DPA can be used for Closing Costs
    • Minimum 620 Middle Credit Score if Using DPA – Otherwise 580
    • Income Limits Apply if Using DPA – Otherwise None
    • True 100% Loan
    • DPA Up to 5% of the Sales Price
    • DPA can be used for Closing Costs
    • Minimum 620 Middle Credit Score
    • Income Limits Apply  if Using DPA
    • Additional USDA Income Limits may Apply
    • DPA Up to 5% of the Sales Price
    • DPA can be used for Closing Costs
    • Minimum 620 Middle Credit Score
    • Income Limits Apply

 

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    Getting a new mortgage with no money down is great and we do that for our clients all the time. However, even though “no money down” sounds like it’s always a great deal, in some unique cases its not. For example, if you’re paying a high interest rate with high monthly payments, but you are planning on living in your home for 5 years or more it could make sense to put something down, if you have the ability to do so, and pay a lower interest rate. It all depends on your unique situation. When you have a strategic mortgage consultation with us, we’ll show you the numbers that apply to your own individual circumstance so you can make the best decision possible.

    apply now Pull Your Own Credit Report Download the Checklist So You Are Prepared

    (208) 938-2228

    Call now to get your FREE Strategic Mortgage Summary.

    Source Mortgage Inc

    531 S. Fitness Place
    Eagle, ID 83615
    (208) 938-2228

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