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FHA
VA
VA Funding Fees
Rural Development-NO credit score
RURAL DEVELOPMENT with a 620 - 639 score
HOMEPATH
ZERO DOWN
DOUBLEWIDES
REFINANCE
SECOND HOMES
Overview

FHA Whether you are a first-time homebuyer or not, we can help you to purchase a home with as little as 3.5% downpayment. Downpayment may be own funds, gift, or grant. Rate/Term Refinances up to 97.75% loan to value. Cash-out Refinances up to 85% loan to value. FHA loans require a 580 or better score to qualify

VA *100% purchase on a home* *using your VA eligibility* *Each veteran must meet all VA requirements.* Must obtain a certificate of eligibility. DD214 required. Available Programs: 15,20,25 &30yr fixed rate loans, 5/1 ARM

*Mininum 620 credit score is required* *No manufactured homes* Loan amounts including the funding fee are limited to $417,000 **Ratios: Maximum debt ratio is 55% if credit score is =>640 & 50% when credit score <640 No private mortgage insurance on all VA loans.**

VA Funding Fees Funding Fee: Down / % for 1st time use

Regular Military: 0 down / 2.15% or ( up to 10%) 5% or more / 1.50% or 10% or more /1.25% Reserves/ NG: 0 down / 2.4% or (up to 10%) 5% or more / 1.75 or 10% or more /1.5%

Rural Development-NO credit score USDA / Rural Development Loans No Credit Score Guidelines Debt to Income Ratios - 29/41 29% Housing Costs / 41% Total Debts No delinquent past, current, paid or open accounts. No previous BK,Judgement, or Short Sale

Must have two alternate trade lines paid monthly i.e. utilities, cable, auto payments,insurance payments, etc. Tradelines must be 0 x 30 with 24 month Must have 2yrs of work/education with no gaps Must be at present job for 12 months Required to have 2 months bank statements or 401k account Property Eligibility Link: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

RURAL DEVELOPMENT with a 620 - 639 score 12 month cancelled rent checks & 0 x 30 VOR No deliquency in the last 12 months regardless of size or type No alternative trade lines needed unless credit is thin 2yrs of consecutive work/education with no gaps Must be at present job for 12 months

3 traditional trade lines seasoned for 12 months with high balances of a minimum of $500 Required to have 2 months bank statements & /or 401k asset account

HOMEPATH Loan Term 30- Year Fixed NO appraisal required! NO private mortgage insurance! 1-2 Unit Properties, PUD's, Condos NO manufactured home Properties must be designated by Fannie Mae on the www.homepath.com website are eligible for HomePath financing.

Primary Residence 660 Middle Credit Score required for 97% LTV! Seller may pay up to 6% of buyers closing costs Second Home-660 Middle Credit Score 90% LTV- borrower must contribute 5% own funds Seller may pay 6% of buyer's closing costs Investment Properties- 660 Middle Credit Score 85% LTV - borrower must contribute 5% of own funds Seller may pay 2% of buyer's closing costs

ZERO DOWN TRUE ZERO DOWN PAYMENT IS STILL HERE! SELLER MAY BUY UP TO 6% OF BUYER'S CLOSING COSTS FINANCING UP TO 102% of APPRAISED VALUE

GET PRE-APPROVED WITH AN EXPERIENCED LOAN OFFICER TODAY

DOUBLEWIDES Doublewides with a 640+ Middle Credit Score: 96.5% LTV ON DOUBLEWIDE PURCHASE 97% LTV ON REFINANCE NO CASH-OUT AVAILABLE

3.5% Down Payment PURCHASE ONLY Housing Ratios not to exceed 37% & max DTI 45% No more the 25% of Borrowers income from child support &/or alimony No more then 50% of Borrowers income from social security or pension Minimum loan amount is $60,000 Mobile home can not be over 10yrs old & can never been moved No major lates in the past 12 months No Bankrutpcy or mortgage foreclosures in last 3 yrs Borrowers can NOT own multiple properties Rental history verified via cancelled rent checks or institutional VOR HUD requires a structural engineer report Property must be titled as real property

REFINANCE Do you need a lower interest rate? Do you need a shorter term? Do you need a lower monthly payment? Do you need cash-out for debt consolidation? Up to 85% loan to value available for cash-out and debt consolidation! Up to 97.75% on rate/term refinances! Call today and let's see what we can do!

CASH-OUT, DEBT CONSOLIDATION LOANS UP TO 85% LOAN TO VALUE LOWER INTEREST RATE OR TERM LOANS UP TO 97.75% LOAN TO VALUE

SECOND HOMES Are you planning for your future? Want to enjoy your retirement in Tennessee? Does your job require traveling to Tennessee?

Overview FHA - PURCHASE OR REFINANCE VA - PURCHASE OR REFINANCE USDA/RD - PURCHASE OR REFINANCE HOMEPATH - PURCHASE SECOND HOME - PURCHASE OR REFINANCE INVESTMENT - PURCHASE OR REFINANCE HOME EQUITY LAND/LOT/ACREAGE DOUBLEWIDES

Blount Home Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide: Ask about our LOTS AND/ACREAGE LOANS!!!! 25 year fixed rates True 30 Year Fixed Rates Interest Only Rates Short Term Rates

Common Items Needed to Process Your Loan Last two years w-2's and tax returns Pay stubs covering latest full month Last two months bank statements on all accounts (all pages) Social security/disability awards letters Statements of retirement, stock, bond, cd, 401k accounts (all pages) Last two year tax returns (if self-employed or commssion paid) Last two year business tax returns Lease agreements (if rental income is needed) Divorce papers Bankruptcy papers Copy of identification i.e. driver's license, social secuirty card, passport, etc.
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $12,510. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,001 with closing costs of $12,510. Your actual APR may be different depending upon these factors.