This document summarizes different mortgage options available through Mortgage Network including conventional, FHA, VA, and USDA Rural Housing loans. - Conventional loans require 5% down payment and have a maximum loan-to-value ratio of 95%. FHA loans require 3.5% down and have a maximum LTV of 96.5%. VA and USDA loans offer 0% down. - Credit score minimums range from 620 to 640. Maximum debt-to-income ratios range from 29/41% to 45%. - The document encourages contacting Mortgage Network for pre-approval to find the best financing option for individual needs.

1.
DIFFERENT MORTGAGE OPTIONS PROVIDE CHOICES…
Let Mortgage Network help your buyers make the choice that works for them.
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Program USDA
Conventional FHA VA
Feature Rural Housing
Down Payment 5% 3.5% 0% 0%
LTV 95% 96.5% 100% 100%
Minimum
Varies Based on LTV 640 640 620
Credit Score
Maximum
45% 45% 41% 29/41 %
DTI Ratios
Seller
Varies from 3% ‐ 10% 6% 4% Unlimited
Contributions
Single Family & Condos Single Family & Condos Single Family & Condos Single Family & Condos
Property Types
Multi‐Family Multi‐Family Multi‐Family Only
Rate Type Fixed & ARMs Fixed & ARMs Fixed & ARMs Fixed Only
Mortgage 85‐90 BPS plus
Varies on LTV 2.15 one time use 3.5% one time use
Insurance 1.0% up MIP
BPS = Basis Points; MIP = Mortgage Insurance Premium
Our mortgage programs offer the greatest value with home financing.
Please call for Pre‐Approval, so your Realtor and Mortgage Network
can partner to fit your individual needs!
Barbara Moody
Sales Manager, NMLS #134897
Office: 570‐585‐4094 Cell: 570‐499‐1575
bmoody@mortgagentework.com
www.bmoodymortgage.com
98.86% of our customers would recommend us to you!
© 2011 Mortgage Network, Inc. NMLS ID# 2668 All rights reserved. Trade/servicemarks are the property of Mortgage Network, Inc. 300 Rosewood Drive, Danvers, MA 01923. Also doing business as MNET Mortgage Corp. and Suncoast Home Mortgage. Connecticut 3785; Licensed by the
Department of Corporations under the California Residential Mortgage Act Finance Lender License 603B322; Delaware 010168; Florida ML0700961; Georgia Residential Mortgage Licensee 15441; Massachusetts Mortgage Lender and Broker MC2668; Maine SLM2499; Licensed by the New
Hampshire Banking Department 5573-MB; Licensed by the NJ Department of Banking and Insurance-New Jersey Residential Mortgage Lender License 0755551; MNET Mortgage in lieu of Mortgage Network, Inc. in New York - Registered Mortgage Broker – NY State Banking Department
RMB NO 207384. North Carolina L113607; Licensed by the Pennsylvania Department of Banking 21978. Rhode Island Licensed Lender 95000456LL; South Carolina-BFI Mortgage Lender / Servicer License MLS – 2668; Texas Reg. 43205; Texas Regulated Loan License 10569-46959;
Licensed by the Virginia State Commission Corporation MC-2593. Some products may not be available in all states. This is not a commitment to lend. Rates, terms, fees, and equity requirements are subject to change without notice. Restrictions apply. Equal Housing Lender.