Here are some of the programâ€™s highlights:
Fixed origination feeâ€¦the maximum origination charged is only 1%
Fixed lender feesâ€¦the maximum lender fee is $350.00. This includes our underwriting and processing fee!
The rates are based on the CalSTRS daily rate and there can be no lender manipulation just like the CalSTRS program. What you see is what you get.
One time free float down during escrow. This means if you are locked at 5.5% but the rate goes to 5.25%, you get the lower rate for free with just a phone call to Broadviewâ€™s lock department.
Low down paymentâ€¦.only 3. 5%â€¦.just like FHA.
Minimum FICO score is 620.
This is a 30-year fixed mortgage.
No first-time homebuyer requirement.
You should contact them at broadviewmortgage.com and see if they are still offering this.
Congratulations on your decision to buy a home. I work a lot with first time home buyers, giving them the tools and the time they need to familiarize with the buying process, the steps ahead and what to expect.
If you want, I'm happy to send you referrals for reputable lenders and you can see what they will suggest to you based on the information they will gather from you. This is with no obligation on you of course, but since you're asking about loans I can give you their contact info and you're free to shop around :)
Place 5% down and use this new program.
Consider what my staff has been advising clients, and look into the "FIRST-TIME HOMEBUYER'S" loan program. Our staff has reported great testimonies in regard.
Below is an email we sent to various clients we are working with:
Notice to first time home Buyers serving the following states: Florida, Alabama, Texas, California, Arizona, New Mexico, and Colorado.
Here are the highlights of this unmatched program that our agents have had success with closing deals and saving our clients a lot of money.
1. NO Mortgage Insurance
2. Only 5% down
3. 30 year fixed rate (4.375% estimated)
4. NO payment until the 5th month after closing.
5. NO origination fee, NO points, and NO junk fees !
6. single family home or townhome eligible
7. 680 credit score
** It is truly remarkable, and is certainly a way this bank (BBVA-Compass) has demonstrated giving back to the communities it serves.
The Sr. Mortgage Banker that my staff in these area's is using is
Tom R. Callahan
Take full advantage of this program and save yourself a lot of money by not having the FHA MIP.
Good luck shopping for the right home. - TJ
i would be glad to refer you to a reputable loan broker who i believe could give you the best program that's right for you.
Jay Leslie HOFSTADTER
Unique Homes for Unique Individuals
phone: (310) 440-0523
fax: (310) 440-0524
DRE # 00634746
Check this website out for some information. I will see if I can find anything out tomorrow.
Hope you have a great week. Feel free to contact me if you have any questions.
There are no specific programs for RN's, but there are a few different programs for 1st home buyers. Please feel free to call or email me directly and we can also discuss the options regarding closing cost.
Keller Williams Realty