05/14/2024
Struggling with down payment hurdles? 🏠 With Sun West, down payment worries are a thing of the past.
Our range of Down Payment Assistance options, including our in-house EQUO DPA offering up to 5%, puts you on the fast track to owning your dream home.
📲 Call me to learn more!
Nothing Is Beyond Reachᵀᴹ 👉 AngelAi.com
On an EQUO DPA FHA REPAYABLE 5%, 30-year fixed rate purchase with loan amount $392,755 [at 96.5% LTV with 3.5% down payment (refer below note) and FICO 720], at an interest rate 6% with $0 discount points (Annual Percentage Rate: 6.892%), you will be required to make 360 equal monthly payments of $2,354.76 (which includes principal and interest only, so your actual payment, including taxes, insurance, and other property charges, will be higher). The stated rate may change or not be available at the time of Loan Commitment or Lock-in.
Note: 3.5% Down payment and part of closing costs will be in the form of a “EQUO DPA 2ND REPAYABLE 5%” second lien of loan amount $20,000, which is 5% of the purchase price, is a 10-year term, 8% interest rate (Annual percentage rate: 8.027%), you will be required to make 120 equal monthly payments of $242.66.
All EQUO DPA programs require 1% origination fee paid to Sun West. The rates are effective as of 04/22/2024 09:48 p.m. PT and are subject to change without prior notice.
