FHA Sapphire Homeownership Loan
This down payment assistance grant is designed to increase homeownership opportunities for low-to-moderate income individuals and families. The down payment grant is a completely forgiven grant and does not require repayment. Grant funds can be used for down payment and closing costs.
· Fixed Rate 30-year term
· Down payment grant of 3% or 5%
· Grant for down payment and/or closing costs.
· Grant funds do not require repayment
· Owner Occupied primary residence
· Income limit 115% of Area Median Income
· Minimum FICO 620
· Maximum Debt-to-Income 45%
· Simple and easy Home buyer Education course
· Maximum loan amount $417,000
Call Teresa Kahler today to learn more 303-838-7300
Mountain Financial Mortgage Group, Inc.
Licensed Mortgage Loan Originator #NMLS 229392/321427