Program Description

This program provides an opportunity for a buyer to have either $500 of their own funds into the transaction or 3% from flexible sources.

Use when your buyer

• has limited cash
• has good credit
• wants to use a temporary buydown
• wants to retain ownership of other property
• may have access to a gift or grant

Features

• up to 100% LTV
• 3% from flexible sources or $500 own funds
• 3% seller contribution
• credit score requirement determined by Automated Underwriting
• no payment reserves required
• no qualifying ratio guidelines - determined by Automated Underwriting
• can own other property
• fixed and adjustable rate

Income limits

• None

Contact
Tim Moffitt, PNC Mortgage, 614-799-3290, tim.moffitt@pncmortgage.com