Superior Rural Housing

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Rural Housing Loan Program 100% Financing For Home Buyers.

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Superior Rural Housing

  1. 1. Superior Rural Housing Presented by: Brian McCarty Senior Loan Officer
  2. 2. Agenda 1 - Overview of Program 2 - Property Qualification 3 - Borrower Qualification 4 - Wrap up & Questions
  3. 3. Program Overview
  4. 4. 1 - No Down Payment Required 2 - No Monthly Mortgage Insurance 3 - No Reserve Requirement 4 - No Stated Maximum Loan Amount 5 - Loan Up to 102% of Appraisal
  5. 5. 6 – No First Time Buyer Requirement 7 – New and Existing Homes OK 8 – 30 Year Fixed Rate Loan 9 – No Prepayment Penalty 10 – Seller Contributions to 6%
  6. 6. 11 – No Limitation on Source of Funds 12 – 100% of Money Can Be Gifted 13 – Loan Amount Can Include Closing Costs 14 – Not FICO Score Driven 15 – FICO > 620 Do Not Need to Explain Derogatory Credit
  7. 7. Property Qualification
  8. 8. Rural Housing
  9. 9. Atlantic County Eligible Areas All of: Borough of Buena Buena Vista Twp. Corbin City Egg Harbor City Egg Harbor Township Estelle Manor Folsom Borough Cont’d
  10. 10. Atlantic County Eligible Areas All of: Galloway Township Hamilton Township Mullica Township Port Republic City Weymouth Township
  11. 11. Borrower Qualification
  12. 12. Income Limits
  13. 13. Rural Housing
  14. 14. Wrap – Up
  15. 15. Questions
  16. 16. <ul><li>Brian McCarty </li></ul><ul><li>Senior Loan Officer </li></ul><ul><li>609-294-4312 Office </li></ul><ul><li>609-294-4642 Fax </li></ul><ul><li>609-618-9939 Cell </li></ul><ul><li>[email_address] </li></ul><ul><li>www.brianmccartysmc.com </li></ul><ul><li>My Blog </li></ul>

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