Lakeview No MI with Springboard Community Seconds

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    The Lakeview Springboard product is a fixed-rate conforming and conforming Jumbo first mortgage, with an interest-only second mortgage, to assist with down payment and closing costs.

    Highlights & Terms

    • 30-year second mortgage
    • Up to 4% of the appraised value or purchase price (whichever is less) to be used towards down payment and/or closing costs
    • Second mortgage proceeds may be used to fund up to 100% of the cash to close
    • No minimum borrower contribution
    • No Mortgage Insurance required

    Guidelines & Consideration

    • Homebuyer Education required for all borrowers
    • Minimum credit score 660
    • Purchase of primary residence only
    • Income limits apply
    • LTV > 95.01% at least one borrower must be a first-time home-buyer
    • The second lien is due and payable at sale, refinance, payoff
    • The following states are not eligible: Delaware, Washington DC, Maine, Michigan, New Hampshire, South Carolina and West Virginia

    READY TO GET STARTED?

    Fill out the form below and I will contact you about this program and other options available for first time buyers.

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