Affordable Luxury at 1303 Bayard Street
Community Advantage Real Estate Solution Loan Program
The CARES loan program* is designed for low to moderate income homebuyers. This program provides significant flexibility in credit guidelines for borrowers with limited cash resources.
LITTLE OR NO DOWN
PAYMENT REQUIRED
- Finance up to 100% of the sales price
- Progam allows up to 6% closing assistance
- Down payment assistance contributions are eligible
LOW MONTHLY PAYMENTS
- Competitive Rates
- No mortgage insurance options available
- Interest only options available
ELIGIBLE MORTGAGE PRODUCTS
- Fixed Rates on a 30 or 40 year term
- 5/1, 7/1, and 10/1 fully amortized arms
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ELIGIBLE PROPERTY TYPES
- Single family homes
- Low rise condos
- High rise condos
NO CREDIT HISTORY? NO PROBLEM!
- Non traditional trade lines (utilities, cell phone bills, etc) rated for at least the past 12 months can be used for borrowers with no credit history
- Minimum 3 non traditional trades including 12 month rental history (if available)
- No rental history required with 4 non traditional trades rated for 12 months
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Contact:
Tim Witting, Regional Manager
443.461.1180 x 1323
*Some restrictions may apply. Call Tenacity Mortgage for details. Programs, rates, terms and conditions are subject to change without notice.
