Here's some great information that I received from Gary Welch at SunTrust Mortgage.

Affordable Housing Mortgage

With an Affordable Housing Mortgage from SunTrust Mortgage, Inc., you could enjoy the benefits of owning a home sooner than you think. This loan program offers enhanced flexibility, a low down payment requirement, and easy qualifying guidelines — to help you more easily achieve the dream of owning a home.

• Up to 97% financing* available in designated areas

• Stable, fixed rate loan terms for primary residences

• The seller can contribute a percentage of the purchase price:

— Up to 4% for loans with a down payment of less than 10%

— Up to 6% for loans with a down payment of 10% or more

• Gift funds accepted for down payment — after a contribution of $500 of your own money

• Mortgage insurance is not required

• No minimum loan amounts

Feel free to contact Gary at:

 

Sincerely,

 

Gary Welch
Vice President, SunTrust Mortgage
770.888.2232 phone
404.581.4564 fax
gary@garywelchhomeloans.com
home.garywelchhomeloans.com