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National City Mortgage Flex100
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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
Contact
Tim Moffitt, National City Bank, 614-276-LOAN (5626), tim.moffitt@ncmc.com
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