We offer a variety of conventional loan options, all of which are serviced by Self-Help Credit Union for the life of the loan. Our products include:
Look at our link: self-help.org
Standard Conventional Loans:
Minimum credit score of 580.
No PMI (Private Mortgage Insurance).
Requires a 3% down payment of the purchase price, and closing costs typically range between 4% and 5% of the purchase price
Can be combined with down payment assistance if available
No income or purchase price limits
Self- Help 100 loans :
Minimum credit score of 620.
No PMI.
No Down Payments
This option allows borrowers to finance the entire purchase price, with the buyer responsible for covering the closing costs. However, the seller can contribute up to 1-4% of the purchase price toward the buyer's closing costs.
Equity Boost Program:
For qualifying borrowers, we offer financing up to 105% of the Loan-to-Value (LTV) ratio, without PMI.
0% down payment
Closing costs can be financed into the loan.
Can be combined with down payment assistance if available. Must contribute at least 1% of purchase price.
Lower interest rate and monthly payment
$2,000 towards a rainy day fund
No private mortgage insurance (PMI)
Minimum credit score 580
Income and purchase price limits apply.*
* Income limits: 80% of area median income (AMI), OR 150% of AMI if borrower is a first-generation home buyer (200% in high-cost areas).
If you’re still interested in pursuing homeownership, I’d be more than happy to assist you in the process. Attached PDFs, you’ll find our Mortgage Checklist, Mortgage brochure and Mortgage Application, which will help start you through the necessary steps in home ownership.
Any questions please contact Manuel Damas 850-894-0064 ext.5293
If you are interested in this item and have some questions, feel free send an inquiry.
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