Making Homeownership a Reality
Community Financial can help you buy your first home with special programs in addition to traditional mortgage options.
We understand how difficult it can be to save 20% for the down payment on your new house. We may be able to structure your mortgage to avoid large down payments; giving you the opportunity to own a home sooner. Consider these options, then contact a Mortgage Specialist to apply today.
FHA Loan Programs
Community Financial can meet the home financing needs of borrowers looking for low down payments and flexible sources of funds with FHA Loan Programs. With no income limitations and recent increases in maximum loan amounts, this program is perfect for almost anyone. Gifts and seller contributions are acceptable sources of funds to cover a down payment, closing costs, and prepaid items. Credit and ratio guidelines are flexible. Contact a Mortgage Specialist for details.
Rural Development - Michigan
Rural Development-Michigan (RD) is a government program offered by Community Financial Mortgage Services to enable low to moderate income families in rural areas purchase a primary residence. The program offers 100% financing and eliminates the need for private mortgage insurance making this loan program very affordable. You are not required to be a first time homebuyer to be eligible. This is truly an outstanding zero down program for those who qualify.
Loans for those with Less than Perfect Credit
Community Financial has the ability to provide financing to borrowers with special circumstances that make them unable to conform to the stricter traditional mortgage guidelines. If you have equity in your property, but have had difficulty qualifying for a mortgage due to damaged or limited credit profiles, challenges verifying income through conventional methods, or higher debt-to-income ratios, we may have a loan program to meet your needs.
As you can see, Community Financial Mortgage Services is working to give you options. Contact a Mortgage Specialist in your area to find the option that is right for you, call (734) 582-8500 or (877) 937-2328 ext. 8500.
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