Government Sponsored Mortgages
NBCU is pleased to offer our members Federally Secure Mortgage Programs in partnership with Allanach Mortgage Group – FHA, VA, Rural Housing, and Reverse Mortgages.
There are several options for members looking to purchase or refinance and receive cash out. 96.5% and 100% financing available.
Purchases or Refinances with lower Fico scores and higher LTV’s. Solid fixed rate loans. Loan rehabilitation on new or current homes available.
Fixed Rates. 100% Financing, no PMI (Private Mortgage Insurance) available on a purchases and 90% LTV (loan to value) cash out.
H.A.R.P. 2.0 Mortgages
Home Affordable Refinance Program (HARP) started in April 2009. The government also refers to this program as the Making Home Affordable Plan, the Obama Refi Plan, the DU Refi+ and the Relief Refinance.
How do I know if I’m eligible for HARP 2.0?
If you answer “yes” to all of the following questions, you may be eligible!
- Is your mortgage loan currently owned by either Fannie Mae or Freddie Mac?
- Was your loan sold to Fannie Mae or Freddie Mac prior to June 1, 2009?
- Is your current loan-to-value greater than 80%?
- Is your mortgage up-to-date with all payments made on time in the past 6 months, and no more than one late payment in the past 12 months?
- If you are HARP-eligible, you must close on your mortgage prior to January 1, 2014.
100% financing on purchases in small suburban/rural areas.
Find out what every family should know about Reverse Mortgages.
- Government Mortgage products offered in partnership with Allanach Mortgage Group. Broker’s licenses MA# MB6033, NH# 5616, CT# 7160, RI# 20051935LB