There are two 30 Year Fixed Rate Mortgages that have been made available as community lending mortgages that offer underwriting flexibilities to qualified borrowers who meet specific income criteria. Theses mortgages allow the average Buyer to take advantage of the following: 1. Purchase with down payments as little as 3% That can be your own money or a Gift from a Relative 2. With credit score down to 680, get the same rate as someone with an 800 credit score 3. With credit score down to 620, mortgage rate is only slightly higher than the best rate 4. Can buy 2 and 3 and 4 Family with 5% down Need a credit score of 700 as a minimum for less than 20% down payment With 20% or more down payment, this can be done with a credit score down to 620 Normally, less than 20% down payment cannot be done at any credit score What is the catch? INCOME LIMITS Your Qualifying Income cannot exceed a certain amount that is set by property location: The Income Limit in 12 New Jersey Counties is $94,600 If your income exceeds that due to a spouse income or second job, we can leave that out NO INCOME LIMIT. Some property locations do not have any income limit If your income exceeds the INCOME LIMIT, tell me the property address and I can check to see if that property can be purchased with NO INCOME LIMIT. You never know where that will be. Last week there was a property in Wharton, NJ, that had NO INCOME LIMIT. These mortgages are eligible for PURCHASES and LIMITED CASH-OUT REFINANCES It costs you nothing except a little time to discuss what you might qualify to purchase. Contact me day or evenings or weekends.