TriCounty Homes Vol. 21, Ed. 07 - Page 33

1% 3% Equity 3% Equity Introducing the Guild Down Conventional Loan. Get 3-for-1. Introducing the Guild 1% 1% Down Conventional Loan. Get 3-for-1. You bring 1% down, and we’ll add 2% more—no strings attached* You bring 1% down, and we’ll add 2% more—no strings attached* Move in with 3% equity for only 1% down payment Move in with 3% equity for only 1% down payment Ideal for those with good credit who struggle with a down payment Ideal for those with good credit who struggle with a down payment Example Example home price home price $200,000 $200,000 down 1% 1% down payment payment $2,000 $2,000 + 2% 3% total + 2% 3% total Guild gift move-in move-in equity Guild gift equity $4,000 $6,000 $4,000 $6,000 Eligibility Eligibility • Minimum 680 FICO • Minimum 680 FICO • Income limit of 100% of area median income (no limit for properties in low-income census tracts) • Income limit of 100% of area median income (no limit for properties in low-income census tracts) • Homeownership education course required • Homeownership education course required • Not just for first-time homebuyers • Not just for first-time homebuyers Program details Program details • Guild down payment assistance is a 2% grant to the borrower that does not need to be repaid • Guild down payment assistance is a 2% grant to the borrower that does not need to be repaid • Loan amounts up to $424,100 (higher loan amounts available in AK, HI) • Loan amounts up to $424,100 (higher loan amounts available in AK, HI) • Cancellable, reduced mortgage insurance • Cancellable, reduced mortgage insurance • Flexible underwriting includes: income from non-borrower household members, boarder & rental income • Flexible underwriting includes: income from non-borrower household members, boarder & rental income • Condos OK • Condos OK Barry Carroll Barry Carroll Jimmy Parsons Jimmy Parsons Aaron Folta Aaron Folta Area Manager, NMLS #419409 Branch Manager, NMLS #415554 Loan Officer, NMLS #1496321 Area Manager, NMLS #419409 Branch Manager, NMLS #415554 Loan Officer, NMLS #1496321 Jean Crowell Jean Crowell Loan Officer Assistant, NMLS #746880 Loan Officer Assistant, NMLS #746880 Call today Call us us today details! for for details! 334.513.8113 334.513.8113 Shelley Faulkner Shelley Faulkner Loan Officer, NMLS #470443 | Pratville Branch Loan Officer, NMLS #470443 | Pratville Branch Guild Mortgage Company | Montgomery Branch | 6719 Taylor Circle Montgomery, AL 36117 Guild Mortgage Company is an Equal Housing Lender; NMLS Guild Mortgage Company | Montgomery Branch | 6719 Taylor Jimmy Circle Montgomery, AL 36117 Guild Mortgage Company is an Equal Housing NMLS #3274. Montgomery Branch NMLS #1566723. Pratville Branch NMLS #1570020. Parsons - GA Individual License #53970. Georgia Residential Mortgage Licensee; Co. Lender; GA License #6268. #3274. Branch #1566723. Pratville Branch NMLS #1570020. Jimmy GA Individual #53970. Georgia Mortgage Licensee; Co. notice. GA License #6268. All Montgomery loans are subject to NMLS underwriter final approval, loan limit restrictions based upon Parsons subject - property state, License terms and conditions may Residential apply. Subject to change without Always consult an All loans are subject to underwriter final eligibility approval, loan limit restrictions based upon subject for property state, terms and conditions apply. Subject to change without to notice. Always consult an but Accountant or Tax Advisor for full requirements on tax deductions. Eligibility this non-repayment grant is subject may to the Program guidelines. Changes loan parameters including Accountant or Tax for full owner eligibility requirements tax to deductions. Eligibility for may this non-repayment is subject to Program. the Program Changes to loan parameters including but not limited to Advisor loan amount, occupancy status, on loan value, and other factors render Borrower grant ineligible for the The guidelines. grant may only be used for the borrower’s cash investment not limited to loan amount, occupancy status, loan to value, and other factors may render Borrower ineligible for the Program. The grant may only be used for the borrower’s cash investment in accordance with the owner Program guidelines. (517123) in accordance with the Program guidelines. (517123) Equal Housing Opportunity www.tri-countyads.com TRI COUNTY HOMES June 16 - July 13, 2017 - 33