Kiddie Condo Loan Benefits

KIDDIECONDOLOAN

BENEFITS

KIDDIECONDOLOANS.COM LENDER HOTLINE: 888-581-5008

http://sctrak.com/kclss

The FHA offers great programsfor first time home buyers, butthey don’t just offer benefits tofirst time home buyers. The FHAcan help anyone with extenuatingcircumstances and even thosewho may think they are ineligiblefor help and the kiddie condoloan is great for those collegestudents buying for the first time.



More LenientCredit Guidelines

Most conventional loans willrequire a credit score of 680 orhigher in order to be eligible for

low-interest rates. The FHA loan,however, focuses on more of your

credit history than your actualscore.



Little to No Money Down

Most FHA loans will allow a lenderto cover the closing costs. This isgreat news for you, this means yourclosing costs can be rolled intoyour mortgage and leaves you willlittle or even no money due atclosing.



DEBT-TO- INCOMERATIO FLEXIBILITY

FHA kiddie condo loans don’thave quite as strict rulesregarding your Debt to incomeor DTI ratio. Meaning, if you areover the conventional limits, youmay have other options with anFHA loan. This can be a greatoption for those borrowers whohave more debt than theyshould, yet know they can afforda mortgage payment.



Refinancing a KiddieCondo Loan

If you want to refinance your kiddiecondo loan into a lower rate in thefuture, the process with the FHAmakes it much simpler. You won’tbe required to go through all thesame long steps as you did whenyou first applied for the kiddiecondo loan through the FHA. Youwon’t be required to verify yourincome or employment and yourcredit won’t even be looked at.



KIDDIECONDOLOANS.COML E N D E R H O T L I N E : 8 8 8 - 5 8 1 - 5 0 0 8

C L I C K H E R E

T O L E A R N M O R E

BM



Justin McHood is Americas MortgageCommentator and has been providing

Mortgage commentary for over 10 years.

INFORMATION PROVIDED BY:Justin McHood

MORTGAGE COMMENTATOR


http://mortgagecommentator.com/

L E A R N M O R E A B O U TM O R T G A G E C O M M E N T A T O R :

O N L I N E

F A C E B O O K

L E N D E RH O T L I N E

T W I T T E R

MORTGAGECOMMENTATOR.COM

FACEBOOK.COM/MORTGAGECOMMENTATOR

@MORTGAGECOM_

888-581-5008


http://mortgagecommentator.com/

https://www.facebook.com/MortgageCommentator/

https://twitter.com/mortgagecom_

Kiddie Condo Loan Benefits

Real Estate

Transcript of Kiddie Condo Loan Benefits