Get 22% off Your Next Home! (seriously)
August 3rd, 2009
Categories:Real Estate News
iMortgage has recently released a new loan program for homebuyers. It allows homebuyers to get 22% of their loan for free and do 1% down. FHA, Conventional, VA or USDA it doesn’t matter, this program will work. However, like most good deals the opportunity might not last long!
The program has one small catch, but if you can find a way around it this is an excellent way jump into a home with very little down!
Here’s a quick summary:
- The buyer still needs to come up with 3% down, however 2% of that can be “gifted” from a family member (etc)
- The 22% from ADOH never has to be paid back if the buyer stays in the home for 5-15 years! (depending on the amount) and if they pay it back, its a zero interest loan!
- This applies to bank owned properties only
- The home must sell for 1% below market appraised value (the catch)
Here is what i have so far Read the rest of this entry »
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