The South Coast Real Estate Round-Up

New Buy Fall River Program

October 23rd, 2014 12:54 PM by Christopher Terry


Buy Fall River is a financing solution program for low and moderate income homebuyers who are purchasing properties in the City of Fall River.

 Buy Fall River program is supported by the Fall River/New Bedford Partnership Program which includes local lenders and support agencies such as BankFive, Bank of Fall River, Bristol County Saving Bank, Bristol Elders Services, Catholic Social Services, Bay Coast Bank, Fall River Affordable Housing Corporation, Fall River Community Development Agency, Fall River Municipal Credit Union, Fannie Mae, First Citizens Federal Credit Union, MassHousing, St Anne's Credit Union, Money Management International, New Bedford OHCD, New Center for Legal Advocacy.

The program offers low down payment options and fixed rate financing.

Benefits of the program are:
  • One fixed monthly payment
  • Mortgage insurance, if required, with mortgage payment protection. Borrowers are covered if they are ever unemployed.
Features Include:
  • Up to 100% financing w/no cash required on single families and condos
  • 97% financing available for 2 families (3% down)
  • 95% financing available for 3 and 4 families (5% down)
  • Approved community second mortgages allowed
Advantages:
  • Competitive interest rates
  • Lower monthly payment with low mortgage insurance coverage requirement
  • Even lower monthly mortgage insurance costs for low income borrowers
  • Fixed payment
For more details about this program contact one of the local community lenders or agencies above. E Z Home Search Real Estate offers a Free, No-Obligation First-Time Buyer Consultation where we walk you through the home buying process. For details visit: http://www.ezhomesearch.net/save.

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc.
Posted in:General
Posted by Christopher Terry on October 23rd, 2014 12:54 PM

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