Unlock Homeownership with 100% CLTV FHA Financing Through Smart Mortgage

Are you exploring options for home financing that offer flexibility and high loan-to-value ratios? Smart Mortgage is excited to present an exceptional opportunity with our 100% Combined Loan-to-Value (CLTV) FHA Financing program. This innovative solution is designed to help more individuals and families step into their dream homes with ease. Here’s everything you need to know about this dynamic financing option.

Questions call (888)842-7272.

Program Overview

Our 100% CLTV FHA Financing option is tailored for homebuyers looking for maximum financing without the heavy burden of large down payments. This program combines a primary FHA loan with a secondary financing option, enabling you to finance your home purchase entirely, including down payment and closing costs.

Key Features:

• Minimum FICO Score: 620 for standard processing, with a minimum of 660 for manual underwriting.
• Loan-to-Value (LTV): Up to 96.5% on the primary mortgage.
• Combined Loan-to-Value (CLTV): Up to 100%, including secondary financing.
• Debt-to-Income Ratio (DTI): Accepted up to 56.99% with Automated Underwriting System (AUS) approval, providing flexibility for higher debt levels.
• No Income Restrictions: Making it easier for a broader range of borrowers to qualify.
• Innovative 2/1 Buydown Option: Provides an opportunity to lower interest rates temporarily, easing initial payments.

Additional Benefits

• No Payment on the Second Loan: The secondary loan, included under the 100% CLTV package, does not require immediate repayment, alleviating financial strain during the early years of homeownership.
• Loan Amounts: Adhere to county limits, with a maximum of $1,149,825, accommodating higher-priced housing markets.
• Manufactured Homes and Duplexes Eligible: This program isn’t limited to traditional single-family homes, thereby increasing your options.
• Manual Underwriting Option: For those with a minimum 660 FICO but who may need more personalized evaluation due to unique financial situations.

Questions call (888)842-7272.

Ideal Candidates for This Program

This program is perfect for first-time homebuyers, those with moderate incomes, or buyers in expensive markets where traditional financing might fall short. It’s also a great fit for those who might have higher debt ratios but receive AUS approval.

Why Choose Smart Mortgage?

At Smart Mortgage, we’re committed to providing tailored solutions that meet our clients’ needs. With over 27 years in the industry, our expert team offers guidance through every step of the financing process. We’re proud to say that our innovative programs, like the 100% CLTV FHA Financing option, are designed to make homeownership accessible and affordable.

Get Started Today

Ready to take the next step towards owning your dream home with little to no upfront costs? Contact Smart Mortgage to learn more about how our 100% CLTV FHA Financing can work for you. Our friendly and knowledgeable team is here to help you understand all your options and navigate the path to homeownership with confidence.

Embrace the opportunity to own your home with the support and expertise of Smart Mortgage. Let’s make your homeownership dreams a reality!

Questions call (888)842-7272.