Buy an Owensboro, KY home with only $500!

Karen Pannell Owensboro, KY Real EstateBuy an Owensboro, KY home with only $500 . . . through a local Owensboro, KY lender you can trust!  Yes, it's true - you can finance your Owensboro, KY home with only $500 of your own money invested.  Your $500 could be the earnest money deposit, inspection fees or paid at closing.  Also, another added bonus is there is no monthly private mortgage insurance which could save you over $100 per month on your payment!  That's a savings of $1200 per year!  (use for college savings, vacation, etc)  

For 100% financing you need a credit score of 660.  Credit scores between 620 - 659 will require a minimum 3% down payment.  Additionally, there are unlimited seller concessions - that means the seller could pay your closing costs for your Owensboro, KY home purchase.  Unlike FHA, VA and RHS, there are no up front funding fees or PMI and a home inspection is optional.  You may use gift funds for your down payment, and those who have filed bankruptcy just need to be 2 years beyond the discharge date of the bankruptcy.  This really is the best financing deal to purchase your Owensboro, KY homeThere is no recapture, negative amortization or any catch or gimmick!   This loan is an in house product (part of the Community Reinvestment Act) and will be servicedKaren Pannell Owensboro, KY Real Estate by your original Owensboro, KY lender.   The current rate as of March 3, 2011, with a credit score of 740+ is 5.125%.  The rate for a 620 credit score would be 5.875%  There are some income limitations depending on where the property is located.  Some areas, like Heartland, Shadewood Terrace, Copper Creek, Thorobred Crossing have no income limitations.  THIS LOAN IS NOT LIMITED TO FIRST TIME HOME BUYERS!  COULD IT GET ANY BETTER? Call me for details on other income exempt areas in Owensboro, KY.  Let me help you on your journey of purchasing your next Owensboro, KY home!  The next step to get started on your Owensboro, KY home search is to 1) get pre-approved for the loan, 2) start your home search with me!  Call or email today to get started 270-903-2167 or kp@karenpannell.com

 http://www.karenpannell.com

 Facebook: facebook.com/kpannell1owensboro, ky real estate

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Text or Phone:  270-903-2167

Owensboro, Kentucky 42301

Comment balloon 0 commentsKaren Pannell • March 04 2011 11:58AM
Buy an Owensboro, KY home with only $500!
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