Spring is just around the corner and as buyers and sellers begin to evaluate their home-buying goals, one major real estate obstacle remains: a lack of inventory. As the population in desirable counties, such as King County, continues to steadily grow over the years, a lack of supply remains an issue in the Puget Sound region. For developers, getting their new build project off the ground doesn’t come without its own challenges, despite the need for more housing.
However, Movement Mortgage is thrilled to present a program designed to assist builders in overcoming some of the constraints that may have previously held them back. The Builder BOOST program offers 3.5% to 5% in Down Payment Assistance, and they have eliminated ALL of the standard DPA requirements to assist builders.
For a list of how this program can open the door for new build projects, explore the breakdown below.
- NO first-time homebuyer requirements
- NO income limits
- NO sales price limits
- NO DTI limits (up to 56.99%)
- NO preset rate and can buy down to low 5% range
- NO restriction on cosigners to help qualify
- NO geographic area restrictions
- NO preset score restrictions (down to a 600 score)
- NO restriction on manual underwrites
- NO long wait times to close (2 weeks or less in most cases)
All these NOs in place so we can say YES to helping you achieve your goals!
For more information, reach out to trusted Movement Mortgage lenders Jolene Messmer, Carese Busby, or Rick King.
