We have more options to put people in homes.
We know that one of the major obstacles to homeownership is the actual lack of (or perceived need) of a downpayment. With rising rents and cost of goods, it can be even more difficult for prospective homebuyers to save for a downpayment. That’s why we are excited to introduce yet another option that may be the best path to putting your client into a new home.
With our ONE+ mortgage option, the buyer is only required to provide 1% of the purchase price towards their downpayment while we provide a grant for the remaining 2% required. Here are some other benefits and requirements:
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No mortgage insurance payment is needed
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No loan level pricing adjustments — which means a more competitive interest rate
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Buyers income cannot exceed 80% of the Area Median Income limits
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Maximum loan amount is $350,000
At Key Mortgage, we know that one size does not fit all and our ONE+ is just another option we have to meet the wants and needs of your clients.
Our Key Mortgage loan officers are prepared to break it all down so YOU come across as the expert, full-service real estate agent that you are. Don’t have a Key Mortgage loan officer? Reach out to a Key Mortgage Loan Officer today.
Description of this loan option does not constitute an offer to lend. Terms and conditions apply, all loans are subject to credit approval. Key Mortgage Services Inc., NMLS# 155748, 425 N. Martingale Rd., Suite #1710, Schaumburg, IL 60173. For licensing information, go to: www.nmlsconsumeraccess.org
