Wednesday, March 23, 2011

Investors: Looking for properties?

If you are an investor looking for your next deal, ask me about the VA's Vendee Financing Program:

Highlights of the program:
**It IS available for veterans and non veterans alike!

• Seller may contribute up to 6% of the contract sales price to pay for funding fee, closing costs, prepaid and other expenses.
• Vendee mortgages are assumable by qualification.
• Vendee Financing is not a credit score driven product.
• There are two available terms, a 15 and 30 year fixed rate.

Owner Occupied purchase:
• Can be financed with as little as 0% down. The loan amount may be increased up to 2% to finance closing costs, prepaids or other expenses. Funding fee may not be financed.

Non-owner Occupied purchase:
• Can be financed with as little as 5% down. Investors may use 75% of anticipated rent based on appraiser's estimate to offset against the subject property monthly payment.
No limit to the number of properties that you finance through VA vendee program!


Questions? Call/text or email me at 843-437-6917 or jmims@kw.com
Thanks for reading.

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