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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

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