Flex 97,Flex 100,and Flex 80/20 programs
Let Us Do The Work For You!
What better way is there to show homeowners that is serious about them than helping them buy a home!
Our Flex 97,Flex 100,and Flex 80/20 programs give your buyer options that weren ’t available in the past. Funds for down payment,closing costs,and/or prepaid items may be obtained from the buyer's own funds,gifts from a family member,or gr ants from an employer,non-profit,or government agency. Please refer back to our
home page for more information on this or any other loan programs.
Who needs this type of program?
First-time home buyers with good credit who lack funds for down payment, but have access to non-traditional sources
Current homeowners looking to move up,but have minimal equity in their current properties
Customers looking to buy more home.
Flex 97 Flex 80/20 Flex 100
90.01 – 97 LTV
105 CLTV with a community second 80 LTV/100 CLTV
Only 80/20 structure permitted 100%LTV only
No down payment is required by the buyer!
Single family 1-unit properties
Warrantable condos and PUDs
Non-Warrantable Condos
Purchase transactions
Conforming fixed-rate loans (7/1 ARM allowed on Flex 97)
Lower monthly payments
With reduced MI premiums,your buyer will have a lower total monthly payment.
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100% Financing
Are you a 1st time homebuyer? Through our relationship with Fannie Mae, we are part of a group offering new first time homebuyers, a loan program that only requires from the buyer $500 of the borrower's own funds towards closing. This is the best 1st time homebuyer program being offered. Below are the basic guidelines.
Loan amounts up to $409,700
100% financing available
Only $500 of borrower's own funds required towards closing
No cash reserve requirement