
HomeStyle Mortgage Program
Here are the specifics:
HomeStyle Standard
|
HomeStlye Streamline
|
|
Eligible Properties
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1-2 Unit Owner Occupied, 1-Unit Investment
|
1-2 Unit Owner Occupied, 1-Unit Investment
|
Min FICO
|
620
|
620
|
LTV
|
1-Unit 95% 2-Unit 85% Investment 85%
|
1-Unit 95% 2-Unit 85% Investment 85%
|
Do-It-Yourself Work
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Not allowed
|
Not allowed
|
Min Rapair Amount
|
No Minimum
|
No Minimum
|
Max Repair Amount
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50% of after improved value
|
$35,000
|
HUD Consultant
|
Required
|
Optional
|
Mortgage Payments Financed
|
Up to 6 months
|
No
|
Draws
|
5 Maximum
|
2 (Initial and Final)
|
Max Completion Time
|
180 days (6 months)
|
90 days (3 months)
|
Thanks,
Michael Meyer
Senior Vice President of Northeast Financial
NMLS#117875
[email protected]
860-876-0572
210 S. Main St Middletown, CT 06457
NMLS#117273
https://www.linkedin.com/company/north-east-financial
https://www.facebook.com/pages/Northeast-Financial-Mortgage/143761005796033
Residential Clients: Click Here For Application