THE LOW DOWN ON NO DOWN

What’s the LOW DOWN on NO DOWN?


Can you still buy a home with little money down?

Despite rumors there are two options for low down and “no down”.

“No down” is referred to as a Rural Home Loan. There are qualifications for the purchaser based on income AND number of people in the home. The seller can contribute up to 6% of the closing costs and prepaids.



“Low down” is FHA which is 3.5% down and the seller can contribute up to 6% of closing costs and mortgage costs.

FHA has credit criteria for a minimum score. Rural has an income and family requirement.

You can find out more detailed information about these loans and how to buy your home by emailing me at msmccreary@comcast.net. My successful mortgage partner can facilitate your home buying process now, or get you on the right track to homeonwership.


Remember, buy local, and buy Livingston.

HERE'S A GREAT EXAMPLE OF ONE OF THOSE FHA OR RURAL OPPORTUNITIES IN LIVINGSTON COUNTY.

This cute affordable home in Genoa township with a payment of $936.11 for FHA or a Rural program of $903.10 ***( based on buyer prequalifications met) can be yours today!!

Contact me at 810-220-7653 x 38 or msmccreary@comcast.net to view this home OR

visit my web site at wwwhttp://www.mccrearyteamsite.com/