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0$ downpayment home loans for teachers only

From: Scott Buie
Date: 11/8/00
Time: 4:29:39 PM
Remote Name: 216.181.193.153

Comments

Allied Mortgage Capital Corp. is helping teachers realize the dream of home ownership. Introducing two innovative home loans from Allied Mortgage Capital to help teachers overcome the high cost of home ownership. Our Allied Zero Down(tm) and Allied Flex(tm) programs require little to no down payment and feature flexible credit guidelines to make owning a home more accessible for teachers. Plus, there are no income limitations or property restrictions.

Allied Zero Down -helps teachers with good credit buy a home with no down payment. · No down payment - 100% financing available with standard pricing. · Little or no cash needed to close - all closing costs can come from a gift or other sources. · Alternative credit histories acceptable - making it easier to qualify. · Available on purchase transactions - For both conforming 30-year fixed rate and 5/1, 7/1, 10/1 ARMs

Allied Flex - makes borrowing easier for teachers with limited savings and no credit history. · No established credit history required - a favorable 12-month rental history might be all your customers need to qualify. · Requires just 3% down with only $500 from the borrower's own funds - the rest of the down payment can come from a gift or other sources. · Very little cash needed to close - all closing costs can come from a gift or other sources. · Available on purchase transactions - For both conforming 30-year fixed rate and 5/1, 7/1, 10/1 ARMs.

We are licensed in 48 states (everywhere but NY and Vermont), so teachers around the country can take advantage of this opportunity. Call me today to learn how our teacher programs may be the answer to home ownership for you or your coworkers.

Scott Buie Senior Loan Consultant Allied Mortgage Capital Corporation (888) 956-2663 [Office] (703) 967-7833 [Cell/Voicemail]

To be eligible for this program, one of the borrowers must be a full- or part-time teacher or school administrator in a public or private school (K-12). Program available in select states on conforming loan amounts. Other restrictions may apply.


Last changed: March 19, 2002