Movement Mortgage is Different
AVAILABLE LOAN PROGRAMS A few of the many programs available CONVENTIONAL PURCHASE
USDA RURAL FINANCING
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80% LTV has no mortgage insurance, LTV’s up to 97% with mortgage insurance
True 100% financing, 30 year fixed rates and flexible credit guidelines
* Available with lender paid mortgage insurance
* Income/Property Eligibility •
Guarantee fee may be financed
FHA PURCHASE • • •
3.5% down payment required, based on purchase
VA PURCHASE
price or appraised value (lesser of the two)
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100% financing for qualified Veterans, no monthly
Non-occupying co-borrowers are allowed (perfect
mortgage insurance. VA funding fee may be
for college students)
financed
Down payment and closing cost may be gifted by a family member
203k - STREAMLINE
HOME PATH® - Buy FNMA REO with the following guidelines: •
97% LTV available.
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No appraisals, property inspections, or mortgage
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Up to $35,000 in repairs
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No structural repairs
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insurance required Investors to 90%, 2% seller contributions allowed
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Can be used for a refinance
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FNMA owned homes - www.homepath.com - all
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No minimum repairs
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Contractor: 2 draws
eligible properties are listed on this site
REVERSE MORTGAGE & REVERSE PURCHASE 203k - FULL
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No mortgage payments
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Structural repairs allowed
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No credit qualifying
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FHA consultant required
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No income qualifying
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Contractor: 5 draws
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For borrowers 62 years and older
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Up to 6 months principal, interest, taxes, and
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insurance can be included if property not occupied
JUMBO
The LTV can be up to 110% of the after improved
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Loan amount of $417,000+
value. Comps must support the value
DENNIS PAPIERNIK
Mortgage Consultant direct: (630) 873-6342 dennis.papiernik@movementmortgage.com www.dennispapiernik.com NMLS: 197162 www.movementmortgage.com
REAL ESTATE AGENT
Zip Realty Realtor Office: 630.123.1234 Cell: 630.123.1235 TopProducer@Realestate.com www.topproducer.com
Movement Mortgage, LLC is an Equal Housing Lender. NMLS # 39179 | 877-314-1499. Movement Mortgage, LLC is a "Illinois Residential Mortgage Licensee" by the "Illinois Division of Banking" Lic # MB.6760898. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. “Movement Mortgage” is a registered trademark of the Movement Mortgage, LLC, a Delaware limited liability company.