IMS Mortgage Programs

Investment Property Loan Programs

Minimum Credit Score – 660
-80% max financing
-Funds to close not sourced or seasoned
-Property does not have to be leased (Income determined by
market rent schedule on the appraisal)

1% Down Mortgage Program

-You put down 1%, your lender contributes 2%*, giving you 3% equity at closing
-620 credit score to be eligible for base grants
-680 credit score and above could receive up to 4.5% in lendor grants.

IMS Homebuyer Grant Program

Above the Fold, IMS Mortgage Programs / By Mike Steger - Mortgage Professional

Mortgage grants can be used for closing costs, setting up escrow accounts, or applying a down payment towards the house, as well as other miscellaneous costs. This is an extremely valuable program for somebody with steady income but not a lot of money to put down.