1. ACACIA FEDERAL STILL OFFERS PURCHASE 2ND TRUSTS
Purchase 2nd Trusts give you
80 - 10 - 10s
On sales price to $977,750, based on 700 credit Score
*
the flexibility to:
80 - 15 - 5s
h Solve problem situations
*
h Successfully complete more sales
Maximum 1st trust loan amount of $417,000
h Help more clients achieve homeownership
sales price to $596,000, based on 720 credit score
*30-yr. fixed program.
Graham Pruitt Capital Hill Residential
Direct: 703.501.1777 Mortgage Office
Office: 202.543.6830 659 C Street, SE
Equal graham. pruitt@afsb.com Washington, DC 20003
SM
Housing lEndEr
FEDERAL SAVINGS BANK
A UNIFI Company For agent use only. Not for distribution to consumers.
2. Advantages of Purchase 2nd Trust Loans
For the Client:
h Lower down payment option h Ability to write off interest in many cases
Avoid Private Mortage Insurance h No prepayment penalty -- 2nd can be paid
off at any time
Avoid FHA up-front and monthly fees
h Lower blended interest rate
For YOU, the realtor:
h A unique product to add to your offerings h Work with a local lender with in-house
processing and underwriting
h Flexible option for borrowers with good
credit and more cash h Great service and fast turnaround on
purchase transactions
h Option for non-FHA approved condos
