Community Development Mortgage Program
Exclusive to Wells Fargo ~ NEW First Time Homebuyer Program!
~ Only 2% down payment
~ No monthly mortgage insurance
~ Seller can pay 6% of purchase price for closing costs
~ Single family, 2 units, condos and townhouses
~ Maximum debt ratio 42%
~ Income limit for Philadelphia County 80% of HUD median average income
* 1 person $43,600 / 2 person $49,800 / 3 person $56,050 / 4 person $62,250
~ 6 hours of face to face Homebuyer Education required
* Can be waived with a Verification of Rent with no lates for 12 months
For more details please contact:
Vincent Corabi
Phone (215) 431-5289
Fax (866) 205-3763
http://www.wfhm.com/vincent-corabi