Apr 28 2016 15000 1

Apr 28 2016 15000 1

NEW PROGRAM FROM FANNIE MAE

WANT TO BUY A HOME? HAVEN'T BEEN WORKING FOR 2 YEARS AT THE SAME JOB? 

DON'T DESPAIR! 

FIRST FEDERAL LAKEWOOD  IS HERE TO HELP!  See below for a brand new pilot program that we now have available as of yesterday.  Essentially, we can close a loan up to 120 days prior to beginning their new job if a person has an employment contract.  Great stuff.  

 FIRST FEDERAL LAKEWOOD has been selected to participate in a new pilot program with FNMA.  We are one of only 10 lenders nationwide and the only Ohio based lender selected to participate.

The details of the variance will be shared through our usual distribution process but here’s a couple highlights:

  • We will be branding the program ECHO (Early Close Home Ownership)

  • The variance is designed to assist professionals, who have an accepted employment agreement or offer letter, close on a home loan up to 120 days before the beginning their new job.  This differs from current industry guidelines which states an employee must be on the job and have obtained a paystub to close on their loan.

  • This program is applicable to all professions, such as medical, educations, technology, etc.

  • All Fannie Mae Programs are eligible

 The program is available for new originations effective immediately. Tell them you read about this program on Carrie's blog and CONTACT:

GREG SEJBA AT 216-410-7192 

APPLY ONLIINE AT www.ffl.net/gsejba 

 


Carrie P Fiala Headshot
Author:
Phone: 330-697-8599
Dated: April 28th 2016
Views: 429
About Carrie: Carrie P Fiala enjoys her second career in the Real Estate service field. Carrie is working as part ...

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