Help with Your Down Payment – Just Approved!

Posted on September 15, 2011. Filed under: First Time Buyer help |

If you’re in the market for a new home, but don’t have enough money?  Now your problems are solved!  Kara Collacott, of Essex Mortgage, just told us about a new down payment assistance program for ANYONE, not just first time buyers!  This program will give you 3% down for an FHA loan.  The qualifications are:

*ratios 39.9/49.9

*1 month cash reserves after closing

*AUS accept only

*Single Family Residence or approved Condos/PUD NO UNITS

*Purchase Only

*Borrowers must complete 8 hour home education program

*Must have 90 day income and expense analysis with no payment shock

*Buyer is allowed to move without needing to refi or sell the property

Seems easy enough with a promise of living in the house of your dreams!  Contact Kara at (714) 935-2581 ext. 294, or on her cell:  (714) 469-2629, or e-mail her directly at if you have any questions or want more information!

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