True Grant

Be the first one to educate your client about the True Grant program. You will gain an additional client!

This is a True Grant

Zero interest never to be returned

Available for Conventional and FHA loans

640 Credit Score Needed

Maximum Debt to Income 45%

Available in entire state of California

Subject to Underwriter approval

Examples

Scenario A

  • Borrower buys home for 500K with 10% down
  • Borrower can apply up to $21,205 to pay for closing costs. Unused amount can go towards reducing the 10% down
  • Maximum Loan amount $424,100

Scenario B

  • Borrower buys home for $424,100 with 5% down
  • Borrower can apply $21,205 for the 5% down
  • Seller can pay for borrowers closing costs
  • Borrower gets possession with zero down

This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.

image_pdfimage_print