Loan #1
(First Time Homebuyer)
- FHA, 4.25% interest rate
- Down Payment was a gift from Idaho Housing Association
- Borrower’s only had to pay $500 earnest money
Loan #2
(Quick closing!)
- Conventional, 30 year loan, 3.875%
- Offer was accepted on 11/16/2015, closed loan on 11/30/2015, 10 business days!
Loan #3
(Creative Financing)
- In-House loan combo 80% 1st, 10% 2nd, 10% down payment
- 1st mortgage, 4.25% rate, 5 year ARM
- 2nd mortgage, 10 year fixed, 6.75%
- 634 credit score
Loan #4
(Zero cost refinance)
- New interest rate of 4.25%, old rate was 5.5%
- No fees!
- Saved borrower $298/month!