FHA GRANT LOAN PROGRAM

FHA Grant for 3% of 1st lien loan amount (including MIP)

Income Limit 120% of HUD AMI

​Qualifying Income Only, NOT household income

​Non-occupant co-signers NOT allowed

Must meet HUD 4155 + FMC Overlays

SFR, Condo, PUD, 2-unit

Max Loan Amount 417,000

Min FICO 620

Max DTI 50% with DU Approve (46% Manual UW)

4506T Required on ALL loans

Seller contributions up to 6%

Gift funds OK from family members

Origination 1.5% (1% to Originator, .5% to FMC)

Interest Rate currently at 4%

• ​Loan registered AFTER underwriting has approved
• ​Reservations last for 60 days
• $400 cancellation fee & 30 day waiting period to re-register

MORE INFO - Go to http://www.pmcmortgageloans.com

FOR PRE-APPROVAL :

http://pmcmortgageloans.com/mortgage_application.php

First, Complete out a loan application on our website -Go tohttp://www.pmcmortgageloans.com
-Click on Apply Now at the top
-Scroll to the middle of the page and Click on 3. Full Application