100% Loan Program for Blacksburg VA

1,854 views

Published on

Seems like there IS a 100% financing option available for mortgages in Blacksburg, VA.

Published in: Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,854
On SlideShare
0
From Embeds
0
Number of Embeds
1,631
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

100% Loan Program for Blacksburg VA

  1. 1. STAR is a new and exciting program at StellarOne Mortgage that offers your clients assistance in purchasing a home of their very own. Maximum Loan Amount $300,000 Maximum Loan To Value (LTV) and required credit score: 100% LTV with credit 700 and above 97% LTV with credit 660 and above 95% LTV with credit 620 and above 90% LTV with credit 600 and above (minimum credit allowed 600) Maximum Income Limits Hud Median Income for County / City Private Mortgage Insurance (PMI) NO PMI Cash Reserves 2 months worth of payments including insurance and taxes, gift funds are acceptable Home Ownership Counseling Counseling required and borrowers must provide certificate of completion within 12 months by a StellarOne recognized counseling program prior to loan closing. Credit Requirements No bankruptcies No collections/judgments in prior 24 months No unpaid collections/judgments No 30 day delinquencies in prior 12 months Non-traditional credit may be considered with minimum of 3 verified sources StellarOne also offers a variety of mortgage products and will find the loan that best suits your customer’s needs. Mortgage Consultant 105 Arbor Drive Christiansburg, VA 24073 t 540.382.6091 c 540.577.5056 Must be owner occupied primary residence purchases only. Program guidelines are subject to change at any time without notice. The description above are highlights of the program. Other restrictions apply. As of 1/9/2013. schafin@StellarOne.com NMLS ID 475651 EQUAL HOUSING LENDER www.StellarOne.com 888.785.5271 MEMBER FDIC

×