Flex Funds is a program that functions as a grant to assist first-time homebuyers with closing costs or a down payment.
With Flex Funds, buyers can receive up to $4,000 in assistance toward closing costs or their down payment. Closing costs are the fees associated with a home loan, and the down payment is the initial payment made on the loan.
In order to use Flex Funds, the home purchase must be a single-family
residence, a primary residence purchase, purchaser must be a first-time
homebuyer (as defined by Fannie Mae), purchaser’s income must be at or under
80% of the area medium income, purchase must be Fannie Mae Home Ready or
Freddie Mac Home Possible eligible, and borrower must meet 3% minimum required
contribution.
Flat Branch Home Loans is a dominant mortgage company in the Midwest and is growing throughout the country. Flat Branch Home Loans employees live, work, and play in the communities they serve, and consider every borrower they work with family, not a file. We believe in making the homebuying process easier. Programs like Flex Funds allow homebuyers to achieve homeownership and build wealth.
Team Lasson is here to assist with all of your home buying needs! If you’re considering taking the leap into home ownership in the near future, we’re here to help. Contact us today to explore which loan program aligns best with your financial goals.
The first step in preparing for your big purchase is to get
pre-approved for a mortgage at Lake of the Ozarks. Visit www.yourlakeloan.com or
call us at (573) 216-7258 to get started today!
Michael Lasson
Senior Mortgage Banker
NMLS #: 493712
Flat Branch Home Loans – Team Lasson
2882 Bagnell Dam Blvd
Lake Ozark, MO 65049
Cell: (573)
216-7258
Email: teamlasson@fbhl.com
Website: www.yourlakeloan.com
**The
postings on this site are my own and do not necessarily represent Flat Branch
Home Loans positions, strategies, or opinions.
Flat Branch Home Loans
NMLS 224149. A Division of Flat Branch Mortgage Inc.
For more licensing
information, visit NMLSConsumerAccess.org
