Buyer Information – New Financing Option – Cleveland Real Estate – www.cjharrington.com

Posted By:
CJ Harrington
cj@cjharrington.com
www.cjharrington.com
440.336.0612
Keller Williams Realty
2009

Get the financing you need to change a fixer-upper into a dream home
with First Federal of Lakewood.
With today’s glut of foreclosed homes on the market, the demand has never been higher for home loans that can finance both the purchase and the renovations.
NEW LOAN
FEATURES:
Must be owner-occupied homes of up to 4 units
You can rehab funds into the mortgage.
Rehab dollars can be used for additions, remodeling, repairs, and city point-of-sale violations.
Choose any of our low-interest 1-year, 3-year, 5-year and 7-year adjustable rate mortgages, including our a 5/5 Advantage ARM with only one rate adjustment over a 10-year period.
Market value = purchase price of home + renovation budget OR as-complete appraised value, whichever is lower.
Up to 95% LTV financing available with mortgage insurance approval.
Work must be performed by a licensed, qualified contractor approved by First Federal of Lakewood.
Utilities must be on at time of appraisal.
Seller may contribute up to 3% of buyer’s closing costs and prepaid expenses.
Please visit our website at www.cjharrington.com for MORE FREE information.

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-And much more...