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Hey,
Lenders, Close More Loans!
Buyer's Hope helps
Lenders overcome down payment and closing cost obstacles and close more
loans. Here's how!
Buyer's
Hope can provide the necessary funds for down payments and closing costs
that will allow Lenders to close more loans. It is also an excellent option
for builders and realtors.
In
the HUD handbook, section 4155.1, REV-4, and in Mortgagee letter 00-08,
the government allows for a gift toward the purchase of a home, and does
not require the borrower to qualify or repay this gift.
The
program is simple and easy, and it can work for any Lender. Simply have
the Seller or Builder agree to a Service Fee, complete the Grant
Application, and the money will be wired or delivered to the closing
agent of your choice.
Grants
are available for Conventional, FHA, or Sub-Prime loans. Buyer's Hope
funding is available for any loan approved by your underwriters for closing.
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