105.00%: Refinance with NO PMI. Rate/Term on the first mortgage only-Must be Fannie Mae or Freddie Mac currently invested loan-Clients who are not currently paying PMI-No Seasoning- Conforming Loans, and Super Conforming MSAs-2nd mortgage to be subordinated-0x30 late payment in last 12 months. No minimum credit score if payment isn’t increasing over 20%. Debt to income is unlimited if payment isn’t increasing over 20%. This program is designed for almost all current house payments to be decreased. Restrictions apply, so please call 1.800.987.9605 for assistance.
100.00%: VA Loan, no PMI. Max loan amount $417,000.00.
Purchase and Refinance VA to VA loans. Seller may pay up to 4% of
closing costs.
97.75%: FHA Refinance: Rate/Term
96.50%: FHA Purchase Loans, see notes below. Max loan amts.
per county. Seller may pay up to 6% closing costs.
95%: 30yr, 20, and 15 year fixed rate notes.
90%: VA cash out refinance.
85%: Equity Lines on a primary residence…FHA Cash out.
80%: Investment loans.
We now offer financing for up to 4 homes with loan amounts not to exceed $3,000,000.00 per home. These are only a few tips that may help in this tough real estate market that we are seeing.
Raymond Duncan: Cell 1.800.987.9605 or raymond.duncan@bankofamerica.com
Product and programs are subject to change without notice… Equal housing lender…
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