WHERE IS THE MORTGAGE MELTDOWN?
Select Mortgage is still currently offering:
100 % Financing -Seller is allowed to pay all closing costs (Income limits apply call for details.)
2.25 % Down Payment - Credit scores below 600 are often OK. Only two years required after bankruptcy. The seller can pay all closing costs and the down payment can be a gift. You can even use a non-occupants income to help qualify.
No Income Verification - starting at 5% down
The idea that that the whole mortgage market has collapsed is just not true. Many attractive mortgage programs are still available.
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