NO MONEY DOWN MORTGAGE    















  


NO MONEY DOWN MORTGAGE

100% FINANCING

 

Florida Mortgage Corporation offers the FMC-100 No Down Payment Mortgage Program

 

NO MONEY DOWN MORTGAGE   Primary Residence Only

   $417,000 Maximum Loan Amount

   Purchase & Rate-Term Refinance   (NO Cash-out)

   NO Minimum Credit Score    (Determined by DU - Must have acceptable credit history)

   Two Months Cash Reserves

   NO Maximum DTI  (ratios)    (Determined by DU)

   $500 Minimum Borrower Contribution

   NO Income Limitations

   Full Documentation Only  (verified)

   1 Unit including condos & PUDs

   Seller Contribution -  Up to 3%

   Gift Funds Permitted   (Family Member)

   Fixed Rates = 10,15, 20, 25 and 30 year

   5/1, 7/1, 10/1 T-Bill & Libor

   1st Time Homebuyer OK

   Up to 105% CLTV

NO MONEY DOWN MORTGAGE   80/20 Combo OK

   Collection accounts/charged-offs do not need to be paid if under $5,000

   NO HomeBuyer education requirements

   NO Manufactured Homes, 2-4 unit, condotels, etc.

   Green Card OK   (Permanent Resident Alien)

   Other NO Down Payment Programs


My Community Mortgage  -  No Money Down

MORTGAGE PROGRAMS

MORTGAGE APPLICATION

 

 


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