AMI( Average Median Income) Limits Increase
The AMI Increased for Marion an Hamilton County and the rest of Indiana today to $97,300. Which means the 80% AMI for my 1% down program has increased to $77,840. In Nevada 80% AMI is $67,120. Let your first time buyers know that this will help increase their purchasing power with only have to come up with 1% of the down payment. My investor will give 2% or up to $4,000 towards the 3% downpayment needed for this program. The down payment and closing cost can come all from a gift from a relative.
This is a great program for someone who has little money to put down. The MI is also lower on this program depending on the credit score. 620 is minimum credit score for this program. It follows Home Possible guidelines.
If you want more information please give me a call.
Looking forward to working with you and your client.
Call Today 702-217-5525

