I spoke with a lender recently, Todd McManigal, who specializes in this program and he raved about all the benefits it provides. Looking over the highlights below, I see why. It is near impossible to find a loan with this low of down payment, no mortgage insurance and no maximum income limits. If you or someone you know might be interested in this loan, let Todd or I know, his information is below. And for the full details about the program, click here.
Section 184 Highlights
- Loan Amounts up to $462,555
- Low Down payment (2.25%)
- No Monthly Mortgage Insurance
- No maximum income limits
- Refinancing available
- New construction
- Seller may pay up to 6% of purchaser's closing costs
- Credit scores as low as 580 may qualify
Todd McManigal
New Mexico Area Loan Originator
Sun West Mortgage Company, Inc.
* | todd.mcmanigal@swmc.com( | (866) 415-7867
' | (505) 918-1028
7 | (866) 559-7995
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