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Welcome
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Nehemiah Conventional Program The Nehemiah Conventional Loan Program allows more flexibility than the standard program with loan amounts up to $300,700 but still only requires a 1% down payment. A combination of a 97% first trust and a 5% second trust gives you the ability to finance 102% of your sales price. However, you must still contribute 1% of the sales price. No seller contribution required 102% financing 97% First Trust 30 Year Fixed 5% Second Trust 20 Year Fixed Maximum $300,700 First Trust You must contribute 1% of the sales price from your own funds 3% Seller Contribution allowed Minimum Credit Score is 620 No cash reserves required No income limits I have a page on calculating first time home buyer program qualification ratios. I have a page on first time home buyer mortgage documentation requirements. Learn more about first time homebuyer programs in the Mortgage Library I also have a Free report "Buying your First Home" available by email. Prequalify for your Nehemiah Conventional Program |
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