How to get Mass Housing Down Payment Assistance | Advantages of Using Mass Housing Loans
Is 572 a good credit score? – Highest Rated?
How to get Mass Housing Down Payment Assistance | Advantages of Using Mass Housing Loans
In this video, Juliana is joined by Deb Jordan who is a loan officer and has many years of experience in the industry. We will be discussing mass housing down payment loans and the advantages of getting one for first time buyers. FHA allows for lower credit scores and higher debt ratios, also the 3.5% down payment. With the conventional way of financing, realtors will ask for a 5% down payment and also want the debt ratio to be lower.
Mass housing helps bridge the gap between those who are more well off and those that have a credit score of 640. Also your debt ratio does not have to be very low, it can be somewhere in the middle and your income will be taken into consideration. Many people save up their down payment but when it comes to the transaction, they realize it is more because of the fees involved.
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To get in contact with Juliana or another member of the Century21 XSell Realty team, please call 508 795 3880 or 508 335 5339
Essential Guide for First-time Home Buyers: https://exciting-artisan-2422.ck.page/ftbchecklist
To get in contact with Juliana or another member of the Century21 XSell Realty team, please call 508795 3880 or 5083355339