Check out Loanverse.com for more details.

Here are the guidelines folks:

-640 Minimum Fico

-Loans up to $417,000

-Additional 2% of grant to cover some closing costs

-Only 1/2% Down required.  

Scenario:  $300k property would only require a down payment of $1,500 (1/2%). 

-Must be owner occupied.

-Borrower cannot make over $80k in most counties 

-Does not matter if it is a first time home buyer or not.   

Great program for those on the fence of owning or renting. Rates are very good on this program (normal FHA rates).

Best,

Darius Sepehripour

VP Business Development 

(818)430-5933

www.Loanverse.com

[email protected]