MHDC’s newest grant program called “Next Step

MHDC’s newest grant program called “Next Step” now allows non-first time homebuyers to qualify for down payment assistance with a higher income restriction!  Check out the attached information sheet to compare the two MHDC grant program options currently available for your buyers.

Now ANY HOMEBUYER looking to purchase their primary residence can potentially qualify for MHDC’s newest grant program called MHDC Next Step!

MHDC “Next Step” Program Features:

1.      Grant is equal to 4% of the borrower’s base loan amount

2.      Higher Household Income Limits:  $84,360 for 1 – 2 persons; $98,420 for 3+ persons

3.      Higher Purchase Price Limits:  $312,368 for a one-unit property

4.      Two year forgivable down payment assistance grant

5.      Available to use with Conventional, FHA, USDA, and VA financing options

6.      Rates will adjust daily.  Contact me directly to find out current rates!

Let me know if I can help your buyers currently shopping for homes get pre-qualified for this program.

	Amy Hess Senior Mortgage Banker Flat Branch Home Loans 16150 Main Circle Dr. Suite 220 Chesterfield, MO. 63017 Work: 314-872-0998 ext. 2586 | Mobile: 573-291-2704 | Fax: 314-219-8575 NMLS ID: 58000 | Company NMLS: 224149 ahess@flat-branch.com | flatbranchhomeloans.com

National Homebuyer Grant

The income limits are only based on the borrowers on the loan, NOT the total household income! Take a look at the features of the grant below. 

National Homebuyers Fund (NHF) Platinum Grant:

·         No first time homebuyer requirement

·         Income limits based on borrower and co-borrower only (does not apply to entire household - see attached county income limits)

·         Offers up to 5% down payment and closing cost assistance

·         No forgiveness period or repayment required - a true grant!

·         Must be primary residence only

·         30-year mortgage only

·         Minimum 640 credit score required

Amy Neier Senior Mortgage Banker 16150 Main Circle Dr. Chesterfield, MO. 63017 Work: 314-872-0998 | Mobile: 573-291-2704 | Fax: 314-219-8575 NMLS ID: 58000 | Company NMLS: 224149 aneier@flat-branch.com |flatbranchhomeloans.com

FLAT FEE MLS - WHY IT WORKS!

What is Flat Fee MLS do you ask?

 Well it is like an à la carte item on the menu for real estate agents or brokers, these agents provide you with the benefit you receive with hiring an agent without the in-depth contract. You receive maximum exposure without being subject to open houses, tours of your home to potential buyers day and night, unless you choose to and you are still in complete control.

Flat fee MLS is a great choice for FSBO (For Sale by Owner) who want the exposure that a real estate agent can provide without the exclusive right to sell contract that comes along with it.

90% of houses on the market today that sell, have been listed under MLS. As a FSBO it is crucial to have exposure in order to sell your home, when you have a MLS house listed, you have the ease of mind that your listing will be displayed at the top of thousands of FSBO homes making it visible to more potential buyers, also you are still in complete control of negotiating the sales price, and when you let potential buyers tour your home.

80% of homebuyers go through a realtor, so as a FSBO using the flat fee MLS you are providing an advantage over non MLS listing, due to the fact that realtors and their buyers use MLS to search for houses throughout the extensive database, making it easier to find your home for the right buyer.

When you list on the MLS your home is also syndicated out to tons of other websites like
Realtor.com, Zillow, Trulia, Yahoo Real Estate - just to name a few.

With the flat fee MLS listing you save money.  Use these extra proceeds to lower the price of the home and get more hits to your listing - or simply keep more of your hard earned profit in your pocket!

Get your home listed today!  www.lauralei.net

Join thousands of REALTORS® around the nation and hold an open house on the weekend of April 10 and 11, 2010.

Encourage your buyers to visit and your sellers to participate. As an added touch you can identify the open house with REALTOR® balloons.

How is this weekend different than any other weekend in April? This is an incredible opportunity for consumers to shop for a new home while:

	• Affordability is good
	• Mortgage interest rates are low (but expected to rise)
	• Good supply of homes on the market
	• The Expanded First-time Homebuyer’s Federal Tax Credit is still available. The contract has to be in place by April 30, 2010.

Eventually, home prices and interest rates will climb, inventory will become scarce and the tax credit will be gone.

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NAR(national association of Realtors) will be helping with this event by:

• Running a blurb in the April issue of REALTOR® Magazine
• Developing a national press release which they will send out April 9
• Promoting via their Facebook, Twitter, etc. accounts