TBD Approvals

TBD Approvals Wright Mortgage offers an innovative new loan program to homebuyers – before they find their home!       We can complete the loan process – actually approving your buyer – without an identified property. With TBD Approvals, buyers have the confidence that they have already been approved for their mortgage which means theirContinue reading “TBD Approvals”

Down Payment Program

PROGRAM HIGHLIGHTS ■A simple one-step process, so we do all the coordination; there is no third party for you or the borrower to engage with ■ DPA is a grant equal to 2% of purchase price ■May be combined with up to 6% seller concession for closing costs ■ No resale or borrower repayment restrictionsContinue reading “Down Payment Program”

Portfolio Lending Programs

Wright Mortgage has enhanced the Fresh Start loan. Part of our Portfolio Lending loans, Fresh Start now features several, borrower-friendly features: A lower down payment requirement – 85% LTV with no Mortgage Insurance (MI) No seasoning requirement for derogatory events, including Chapter 7, 11 and 13 bankruptcy; foreclosure, deed-in-lieu, short sale and pre-foreclosure Multiple significantContinue reading “Portfolio Lending Programs”

FHA Limited 203(k) Rehabilitation Mortgage

Help Your Clients Add Enjoyment and Value to Their Home with Upgrades or Remodeling Some buyers shy away from older homes, properties that are outdated, or houses in need of repairs. In the 2015 report on Home Buyer and Seller Generational Trends from the National Association of REALTORS® the following reasons were given by homeContinue reading “FHA Limited 203(k) Rehabilitation Mortgage”

New Downpayment Assistance Program!

New Downpayment Assistance Program! Wright Mortgage has a new program that provides up to 3% in down payment assistance, in the form of a non-repayable grant for FHA, VA and USDA 30-year fixed mortgage loan only. There is no repayment associated with this down payment assistance program. The grant program may be applied against theContinue reading “New Downpayment Assistance Program!”

New FHA Down Payment Program

New FHA Down Payment Program The down payment program is a great program if you need funds for down payment for that new home. If you qualify for the program, you will be eligible to receive funds to cover a portion of your required down payment amount. The maximum amount of funds you can receive underContinue reading “New FHA Down Payment Program”