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 | Need not be a first time home buyer
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| No maximum income limitation
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| No minimum amount of borrower's own funds needed to contribute to down
payment, just 2 months housing payment reserves
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| Acceptable sources of down payment funds include:
Gifts from relative, fiancé, domestic partner, employer funds, unsecured
personal loan or credit card advance, grants or unsecured loans from a
non-profit organization or disinterested 3rd party
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| Maximum loan $322,700
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| Maximum debt to income ratios: 33% for housing
and 41% for all combined debt and housing expense.
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| Seller can pay up to 3% for closing costs and pre-paid
expenses
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| No home buyer education classes required
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| Single family, 2 family properties and approved
condominiums allowed
Other affordable mortgage programs with maximum income limitations
allow:
Up to 45% maximum debt to income ratio
Portion of income may be from unverifiable cash sources
2-4 unit owner occupied properties
Having no credit scores may be ok with alternative credit
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Other terms and conditions apply, requirements
may change without notice, call for
additional information
at 239-566-8484
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Home Page
Rates vary with geographic location
APR is abbreviation for annual percentage rate
Rates change frequently and these rates may not reflect the latest market
conditions
Expressed interest rate may change or be unavailable at commitment or closing
Rates based on primary residence, purchase transaction, with tax and insurance
escrows
Re-finance rates may be slightly higher
Some loans may have pre-payment penalties
Rates on some programs may require higher down payments
This is only a brief summary of rates and programs and possible fees, call for additional
information on underwriting requirements
and program limitations. Guidlines posted here are general in nature and
subject to change without notice.
Rates must be locked by phone or in person.
Mortgage calculators are believed to be accurate but results are not guaranteed
Bill Meyers is employed as a mortgage loan consultant for one of the
nation's largest residential lenders. Bill works as an employee and not a mortgage broker.
This is Bill's personal web site and not the official web site of any bank or
mortgage company. Please consider all information posted on this site
to be general in nature and representative of mortgage rates and policies that
may be available from various sources. Bill is located in Naples Florida.
Bill can be reached on his cell phone at 239-566-8484 or toll free
at 877-994-9589. His office phone number is 239-659-7366. Please
call for additional information.
Closing Costs
(Refinance) Closing Costs (Purchase) Contact
Bill Meyers
Documents Needed For Loan
Approval Mortgage Rates Home Page Low closing cost
loan Lot loan information
Mortgage
Calculator No income verification
programs
Notes regarding APR Pre-approval loans
Table of Contents
Equal Housing Lender
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