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Special Financing for those who protect us! PDF Print E-mail
Written by Administrator   
Monday, 14 September 2009 13:44

We offer a wide array of products for teachers, institution employees, firefighters, police, health care workers and military personnel that allows for a minimum of 3% down payment. The program also offers reduced more insurance making the home that much more affordable. Hurry this program will only be around for a limited time and there still may be time to take advantage of the 8000 dollar tax credit which officially expires as of December 1, 2009.Want to learn more Click "Read Below"


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Last Updated on Wednesday, 30 September 2009 15:40
 

Newsflash

FHA 203k Rehab Loan

 

  • Simple: one loan, one close, one monthly payment.
  • 203k Streamline or Standard ….. Purchase or Refi
  • Lower your Rate and Include the Cost of Repairs!
  • No equity; no problem!
  • Easy to qualify – FHA underwriting guidelines apply.
  • Repairs include cosmetic to complex home expansion.
  • Luxury items not eligible i.e. building of a swimming pool.
  • Funds held in escrow at closing: rehab done after closing.


Oakwood Financial Corp. Guidelines

 

  • Minimum decision credit score 660.
  • Rent/mortgage history 0x30 in last 12 mos (private VOR acceptable).
  • DTI 45% / 49% no reserves.
  • Tradelines: 2 open and active for 12 months with substance.
  • Loans manually underwritten.
  • DU approval is a favorable compensating factor.
  • Excellent Program for 1st Time Home Buyers
  • Gift funds eligible; no local government DPA.
  • Non-occupant co-borrowers allowed.
  • Rent free living with parents acceptable.

Excellent Product for Real Estate Owned or Foreclosed Properties

 

Email Me today with questions

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