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Wednesday, August 21, 2019

100% Downpayment Assistance Program





Mortgage Quest
a dba of McCormick Lending Group, Inc.


Within Reach Downpayment Assistance Program

Some of the key benefits of Within Reach
  • Down payment assistance up to 4% of the loan amount in the form of an interest free soft second, forgiven over a 3 year period
  • FHA, USDA, VA programs
  • Can be used for down payment and/or closing costs.
  • Seller Credit of 6% is allowed
  • Gift funds are allowed
  • Borrower(s) not required to be First Time Homebuyers
  • Income Limit is based on qualifying income used for transaction, not household income
Program Requirements:
  • 620 Minimum FICO, DTI – up to 50%
  • Income Limits: 140% of Area Median Income
  • All borrowers must occupy property as primary residence
  • The lesser of HUD county limit or 453,100 or maximum loan amounts permitted by HUD
  • At least one borrower must have Homebuyer Counseling
  • Borrower Paid Compensation up to 2% – DPA may be used
  • Admin Fee = $1,145
Bob McCormick, President

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Toll Free 800-328-0144 

www.McCormickLendingGroup.com
 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

Monday, August 12, 2019

Rates Have Dropped! No Cost Loans Available!

Mortgage Quest
a dba of McCormick Lending Group, Inc.


Mortgage Rates Are Low!  Click Here To See How We Operate Differently So That You Don't Overpay For Your Mortgage!

"The 15 basis point fall left 30-year rates back at their lowest level since late 2016 according to figures released by Freddie Mac.
Compared to this time last year, 30-year fixed rates were down by 100 basis points.
More significantly, 30-year fixed rates are down by 134 basis points since last November’s most recent peak. The slide also left mortgage rates at their lowest level since the month of Trump’s inauguration…"
Bob McCormick, President

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Toll Free 800-328-0144 

www.McCormickLendingGroup.com
 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

Thursday, August 1, 2019