Topic Wiki
Topic Wiki
TD Bank:
Call 1-800-822-6761 for general details
John Kussmaul
732-241-7249
John.Kussmaul@td.com
It is all done by phone/email/internet.
> 3% down
>Interest rate 0.25% lower than the average
>No PMI
>The total monthly housing costs including Mortgage, Taxes and Insurance cant exceed 33% of your monthly GROSS income
>Total monthly payments including the above plus car payments and CC payments cant exceed 38% of your monthly GROSS income
>You need to have a credit score above 660 (no difference between a 661 and an 850)
> For first time homebuyers primary residence only (no refinance or investment houses, no cosigner)
>Basement Rental does not count as income
> You need to to take a few hours of new homebuyer counseling which LRRC offers for $30- contact them for when their next class is
You need to have impeccable paperwork in order to be able to get it, the underwriting departments are very very strict.
Investors Bank
Domenick Luccarelli
DLuccarelli@myinvestorsbank.com
732-639-3309
> 3% down
>Interest rate lower than the average
>There is PMI unless your credit score is above 720 and then no PMI
>The total monthly housing costs including Mortgage, Taxes and Insurance cant exceed 40% of your monthly GROSS income
> For first time homebuyers primary residence only (no refinance or investment houses
>You CAN have a cosigner
Santanders Bank
Santander has a first time homeowners mortgage that you can have up to 45% DTI ratio. plus they give you $5k towards closing (to be able to get the 5k closing grant you have to make almost no money, i think its around 43k limit for a family of 2) costs plus your rate is .25 lower then the going rate
Call 1-800-822-6761 for general details
John Kussmaul
732-241-7249
John.Kussmaul@td.com
It is all done by phone/email/internet.
> 3% down
>Interest rate 0.25% lower than the average
>No PMI
>The total monthly housing costs including Mortgage, Taxes and Insurance cant exceed 33% of your monthly GROSS income
>Total monthly payments including the above plus car payments and CC payments cant exceed 38% of your monthly GROSS income
>You need to have a credit score above 660 (no difference between a 661 and an 850)
> For first time homebuyers primary residence only (no refinance or investment houses, no cosigner)
>Basement Rental does not count as income
> You need to to take a few hours of new homebuyer counseling which LRRC offers for $30- contact them for when their next class is
You need to have impeccable paperwork in order to be able to get it, the underwriting departments are very very strict.
Investors Bank
Domenick Luccarelli
DLuccarelli@myinvestorsbank.com
732-639-3309
> 3% down
>Interest rate lower than the average
>There is PMI unless your credit score is above 720 and then no PMI
>The total monthly housing costs including Mortgage, Taxes and Insurance cant exceed 40% of your monthly GROSS income
> For first time homebuyers primary residence only (no refinance or investment houses
>You CAN have a cosigner
Santanders Bank
Santander has a first time homeowners mortgage that you can have up to 45% DTI ratio. plus they give you $5k towards closing (to be able to get the 5k closing grant you have to make almost no money, i think its around 43k limit for a family of 2) costs plus your rate is .25 lower then the going rate
« Last edited by Chief Rabbi of New York on June 22, 2016, 01:48:49 PM »
