Stewart Brown Jr – Mortgage Loan Originator – Purchase or Refinance

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What is a 100% FHA Loan?

One of the most innovative DPA (Down Payment Assistance Programs) available today.

The 100% FHA Loan Program features:
  • 600 FICO Minimum
  • FHA First with a subordinate financing for the second
  • 100% CLTV
  • FHA Loan Limit Max
  • Follows FHA Guidelines
  • Minimal Overlays

Highlights Include:
  • 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)
  • 2nd lien with an interest rate 2% greater than 1st lien
    • Payment amortized over 10 years
    • Monthly payments required
  • 600 Minimum FICO
  • Borrower’s minimum contribution of $0.00
  • Purchase Only
  • No First Time Home Buyer Requirement
  • Loan amount to Conforming limits
High Balance not allowed.

What is a 100% FHA Loan?

One of the most innovative DPA (Down Payment Assistance Programs) available today.

The 100% FHA Loan Program features:
  • 600 FICO Minimum
  • FHA First with a subordinate financing for the second
  • 100% CLTV
  • FHA Loan Limit Max
  • Follows FHA Guidelines
  • Minimal Overlays

Highlights Include:
  • 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)
  • 2nd lien with an interest rate 2% greater than 1st lien
    • Payment amortized over 10 years
    • Monthly payments required
  • 600 Minimum FICO
  • Borrower’s minimum contribution of $0.00
  • Purchase Only
  • No First Time Home Buyer Requirement
  • Loan amount to Conforming limits
High Balance not allowed.

Reach out to me for further detailed information on 100% FHA loan programs. 

 

Guidelines for 100% FHA loans are subject to change when there are adjustments to government and lender policies, interest rate modifications, and fluctuations in the economy.

Special Situations / Non-Traditional Loan Solutions

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