An Indianapolis, Indiana Mortgage & Home Loan Finance Company
Toll-Free: 866-844-2250
Phone: 317-844-2250
Phone: 317-844-2250
Updated:
Firefighters, Police Officers, Teachers, Nurses
You give back to our community every day and LMC's "Community Homebuyers"
program gives a little bit back to you...
This unique program offers seven low- or no-down payment loan products with
flexible sources of funds for closing costs and prepaid expenses reserved for
those employed in service to our community.
Program Highlights:
- Reduced MI premiums help lower monthly payments.
- 5/1 ARM option offers a lower interest rate allowing more borrowers to qualify.
- More flexibility for teachers, safety and healthcare workers.
- No rate adjustments for EA1 or EA2 responses.
- Up to 100% LTV on 1 unit, 97% on 2 unit, 95% on 3 to 4 unit.
- Income limits waived in FannieNeighbors® areas.
- Second mortgage may be used as eligible secondary financing.
- Manual underwriting for eligible borrowers with no FICO score and three trade lines.
- Closing costs and pre-paid expenses w/$500 borrower contribution (1-unit properties).
