Alternative to FHA Financing

Introducing MyCommunityMortgage®

We are pleased to introduce the MyCommunityMortgage (MCM), a conventional, community lending mortgage that offers underwriting flexibilities to qualified borrowers who meet specific income criteria.

This program is a compelling alternative to FHA for first-time homebuyers!

Features:

· LTV up to 97%: CLTVs up to 105% if using Community Second

· Gifts/Grants may be considered borrower's own funds for down payment requirements

· High Balance Loan Limits up to 90% LTV



LTV/CLTV up to 97% for Conforming Fixed Core & 5/1 and 7/1 Standard ARM Core.

The new maximum LTV/CLTV has been increased to 97% for Conforming Fixed Core and 5/1 and 7/1 Standard ARM Core. Also, the minimum down payment requirement has been reduced to as little as 3% from borrower's own funds.

Call Today for Details.

Jason Whitehead, Mortgage Broker (619) 861-7126 or (619) 203-5811.