home plus mortgage arizona
TRANSCRIPT
• FICO Minimums apply; FHA 640. Conventional 640 at 95% LTV, 680 at 97% LTV. ••
Reduced mortgage insurance on the Conventional DAP grant only
•Gift funds acceptable
•Maximum Seller contribution up to 3% on conventional, 6% on FHA
•Up to 5% Contribution from Down Payment Assistance ProgramWaiting Periods after major derogatory credit events vary per FHA and Conventional loan program guidelines
• Homebuyer education class required• Owner-occupied only• Not available in Pima County
CONVENTIONAL OR FHA HOME PLUS LOANS
Rates are subject to change due to unforeseen market conditions and the borrower's credit profile. These figures are provided as examples. Each loan is unique, and the borrower's terms may vary fromthose disclosed. Taxes and insurance are additional monthly expenses and may be required to escrow by the borrower's lender. This is not a commitment to lend. Additional conditions, qualifications, andrestrictions may apply. ARMs are adjustable rate mortgages. Please call Duncan Robertson at Academy Mortgage for more information at (480) 382-3399.
30-YEAR FIXED 15-YEAR FIXED FHA 5/1 ARM VA FIXED RATE
Asking Price $0 $0 $0 $0
Down Payment (%) $0 $0 $0 $0
Closing Costs $0 $0 $0 $0
Total Loan $0 $0 $0 $0
Term 30 Years 15 Years 30 Years 30 Years
Interest Rate 5% 5% 5% 5%
APR 0% 0% 0% 0%
Monthly Payments
Principal & Interest $0 $0 $0 $0
Property Tax $100 $100 $100 $100
PMI $0 $0 $0 $0
Insurance $75 $75 $75 $75
HOA $50 $50 $50 $50
Total Monthly Payment $0 $0 $0 $0
YOUR NEW LIFE BEGINS HERE
$0
123 Anystreet
Anytown, Utah
Property Offered by:Jennifer LaughtonRealtor, CDPERe/Max Renaissance Realty
Financing available from:Duncan RobertsonAcademy Mortgage
Rates are subject to change due to unforeseen market conditions and the borrower's credit profile. These figures are provided as examples. Each loan is unique, and the borrower's terms may vary fromthose disclosed. Taxes and insurance are additional monthly expenses and may be required to escrow by the borrower's lender. This is not a commitment to lend. Additional conditions, qualifications, andrestrictions may apply. ARMs are adjustable rate mortgages. Please call Duncan Robertson at Academy Mortgage for more information at (480) 382-3399.
30-YEAR FIXED 15-YEAR FIXED FHA 5/1 ARM VA FIXED RATE
Asking Price $0 $0 $0 $0
Down Payment (%) $0 $0 $0 $0
Closing Costs $0 $0 $0 $0
Total Loan $0 $0 $0 $0
Term 30 Years 15 Years 30 Years 30 Years
Interest Rate 5% 5% 5% 5%
APR 0% 0% 0% 0%
Monthly Payments
Principal & Interest $0 $0 $0 $0
Property Tax $100 $100 $100 $100
PMI $0 $0 $0 $0
Insurance $75 $75 $75 $75
HOA $50 $50 $50 $50
Total Monthly Payment $0 $0 $0 $0
DuncanDuncan RobertsonRobertsonLoan Officer(480) 382-33991750 East Northrop Blvd, Ste 230, Chandler, AZ 85286
www.AcademyMortgage.com/duncanrobertson
NMLS #1022909NMLS #1022909 | AZ 0923166
CorpCorp NMLS #3113NMLS #3113 | Corp State Lic AZ #BK-0904081
JenniferJennifer LaughtonLaughtonRealtor, CDPE(623) 628-39759059 W. Lake Pleasant Parkway, B300, Peoria, AZ 85382
www.laughtonteam.com
Not affiliated with Academy Mortgage.
YOUR NEW LIFE BEGINS HERE
$0
123 Anystreet
Anytown, Utah
Property Offered by:Jennifer LaughtonRealtor, CDPERe/Max Renaissance Realty
Financing available from:Duncan RobertsonAcademy Mortgage
Home Plus Mortgage Origination ProgramMaximum purchase price limit in this program is $356,352 for the Conventional Program, $300,000 for the FHA Program.FHA max county loan limits apply.
Contact me for the current Interest Rate for a mortgage loan.
The Arizona Housing Finance Authority (AzHFA), acting on behalf of the Arizona Department of Housing, provides affordable housing opportunities to all Arizonans. The AzHFA “HOME Plus”Mortgage Loan Origination Program provides a mortgage with a down payment assistance (DPA) grant up to 5% of the mortgage amount. DPA is only available in conjunction with a HOME
• Mortgage for the purchase of Owner occupied, Primary Residences only.• Borrower Income not to exceed $89,088.• All homebuyers are required to complete a homebuyer education course, either online at: www.mgichome.com or through a HUD-approved homebuyer education provider.• Both FHA and Conventional loan versions of the DAP are available with some geographic
restrictions. The fees vary depending on which program the grant is paired with.
PROGRAM HIGHLIGHTS
Plus loan and is funded by AzHFA at the mortgage loan closing.
• Max Debt to income Ratio is 45%
The interest rate is set by the AZ Dept of Housing HFA Program administrator and typically exceeds market interest rates due to the nature of the grant. Sample Conventional Loan Scenario: $200,000 purchase price, $190,000 loan amount, 5% down payment, 4.875% 30 year fixed rate conventional mortgage, 680 FICO score required, $1005 P&I. 5.386% APR, PMI at 680 FICO is $107/mo. Sample FHA Loan Scenario: $200,000 purchase price, $196,378 loan amount including UFMIP, 3.5% down, 4.500% 30 year fixed FHA mortgage, 640 FICO score required, $995/mo P&I, Monthly MIP of $137/mo. 5.517% APR. Both Conventional and FHA monthly payments are required to include property taxes and homeowners insurance. Not all products are available in all states or for all amounts. Additional conditions, qualifications and restrictions may apply.
DDeeaann WWeeggnneerrMortgage Originator | NNMMLLSS ##222200774411
(602) 432-638815333 N Pima RD, Ste 210, Scottsdale, AZ [email protected]/deanwegnerAZ 0911804CCoorrpp NNMMLLSS ##33111133 | Corp State Lic AZ #BK-0904081