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14
Dec
FHA 100% Financing w/ Silent 2nd
- The 2nd will be SILENT, no payment
- 2nd payment NOT included in the ratio
- 2nd 0% Rate, loan amount remains the same
- 2nd term 360 mos.
- 2nd Paid Off at Refi, Sale or 30th year
- FHA Conforming Loan Limits (No Hgih Balance)
- 1 Unit only
- Min Fico 620
- NO Income Limits
- NO First Time Home Buyer requirement
- NO Ratio Limits, just need DU Approval
- NO 2nd Payment made monthly
- NO Hassles
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