John Schutze of Guaranteed Rate, one of the country’s leading mortgage lenders, manages the Austin, TX branch where the loan limit is $453,100 sees this helping buyers in cities like Austin which has.
announced that it has provided a $32,226,600 FHA-insured loan to finance the construction of The Vic at Southwinds Apartment Homes, a new market-rate 265-unit green-certified project in Baytown, Texas.
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Loans aren’t available in Alaska, Connecticut, Delaware, Hawaii, Illinois, Kentucky, Nevada, New Hampshire, Ohio, Texas and Virginia. Typical credit score of approved borrowers: Did not disclose.
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All advertised fixed and adjustable mortgage rates are based on loans with the following criteria: $200,000 loan amount 80% LTV (or a 20% downpayment) 0-2 points borrower with excellent credit (740+).
Maximum loan is $20,000; Maximum grant is $7,500; Loans and grants can be combined for up to $27,500 in assistance; What are the terms of the loan or grant? Loans can be repaid over 20 years; Loan interest rate is fixed at 1%; Full title service is required for loans of.