This Loan Program was created to help a large percentage of population that have had credit or other challenges that do not fit in Agency Guidelines AND they do not have access to 30 percent or more of purchase price. Link was created to offer 96.5% Financing in the form of a FHA loan to a Housing agency that in turn executes a “Land Installment contract” setting the Client for success. Client gets to take advantage of appreciation and has the ability to refinance once the situation improves or minimum required time has passed. Among others, following borrowers can get 96.5%
Financing under this program
Recent Bankruptcy or Foreclosure
Large student Loans
Choppy history of two Jobs
Recent success in Business Revenue and Income
And other challenges
This program requires a home inspection, Rent Housing history and satisfactory Appraisal Title.