HUD 184

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Suburban Mortgage Inc. Native American Home Loan. Specialists. Contact us. 480-788-4316 www.sagerobinsonteam.com. [email protected]

HUD 184 – FHA – VA Side by Side Comparison

Let us Introduce Ourselves! SAGE ROBINSON TEAM

Sale Price $275,000.00 184 2.25% Down

Down Payment

$6188

FHA 3.5% Down $9,625

at CONV 5% Down $13,750

Tess Sage-Robinson Base Loan Amount Finance Mortgage Ins (HUD) Total Loan Amount Loan Interest Rate*

Annual Percentage Rate (APR) Principal & Interest MIP Est. Tax & Hazard Insurance

Total Monthly Payment (PITI)

$268,812 

$265,375 

$261,250

$4,032 

$4,644 

$0.00

$272,844 

$270,019 

$261,250

3.625%

3.625%

4.00%

3.864%

4.694%

4.567%

$1,231.43 

$1,247.25

$186.37 

$158.93

$274.37 

$273.55 

$188.17

$1,551.99

$1,691.35

$1,594.35

$1,244.31          $33.31

Licensed Mortgage Professional NMLS #227116 | AZ State Lic. #0914172

Tess is a Licensed Mortgage Professional with Suburban Mortgage. Tess finds it rewarding to have helped home buyers & home owners for 14 years. When she’s not working, she’s spending time with her husband and three children exploring hiking trails and finding new locally owned shops and restaurants.

Tried and True Values. Exceptional Results.

Contact us 480-788-4316 www.sagerobinsonteam.com [email protected]

Opening Doors For Homeowners Like You!

*Market Rates for 11/3/16 720 Fico, SFR, Purchase, Primary,  Maricopa County *Rates are subject to change. 

Lower Down Payment Market Interest Rates Lower Monthly Payment

HUD 184 American Indian Home Loan

7500 N. Dreamy Draw Dr., Suite 110 Phoenix, AZ 85020

Sage Robinson Team at Suburban Mortgage Inc. Native American Home Loan

BK #10123 Suburban’s NMLS ID #3089

Specialists

Create a better home for your family, home ownership.

What is the Section 184 Loan Program? The Section 184 Indian Home Loan Guarantee Program is a home mortgage specifically designed for American Indians and Alaska Native families, Alaska Villages, Tribes, or Tribal Designated Housing Entities. Section 184 loans can be used both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance. To help increase Native access to financing, the Office of Loan Guarantee with HUD’s Office of Native American Programs, guarantee the Section 184 home mortgage loans made to Native Borrowers.

Helping dreams come true…

Buy >>>

Renovate >>>

Purchase your home with a loan that offers more benefits to the buyer as compared to FHA or Conventional financing options. Highlights for HUD 184:  Low Down Payment of 2.25%  Competitive Interest Rates  No Income Limits  Gift and Tribal Assistance allowed  Seller concessions up to 6% of sale price  Manufactured & Modular homes allowed  FHA approved Condo Projects allowed  Loan Limits per county. Call us for more info  Combine with the Energy Efficient Mortgage to save more!

Do you love the location, but the home needs some work? The HUD 184 loan can be used with a purchase to make repairs, upgrade and renovate the home. This loan works much like a construction loan, but the purchase price of your home is included in the home loan. Your purchase offer can be negotiated for a reduced price, as you will finance all repairs and renovation costs. Highlights for Renovation:  $10,000 Min. Rehab Costs  Up to $15,000 for swimming pool renovation*  Paint, Drywall, Fixtures, Fix Termite Damage, Flooring, Exterior work  Appliances after the min. $10,000 is met.  Energy Efficient Upgrades

New Build >>> Build the home of your dreams with a single-close construction loan. This loan provides construction funding, lot purchase and a permanent loan, all wrapped in one loan. No need to re-qualify, reappraise, or add other loan costs. This loan is also referred to as a Single-Close Construction Loan. Highlights for Construction:  Low Down Payment of 2.25%  Use land equity towards down payment  Contractors of choice, must be approved by Lender  Eco Green Home Builds allowed  Finance up to 6 month mortgage payments to avoid 2 housing expenses  Manufactured & Modular allowed.

Refinance >>> Refinance to lower your interest rate/payment, shorten your loan term, consolidate debt, college money, or for home improvements.

Indian Land >>> HUD 184 Purchase, Rehab, Single-Close, and Refinance loans are all available to Indians Land Status as Fee Simple, Tribal Allotted or Individual Trust Land of participating Indian Tribes.

“Working with an  experienced HUD 184  lender is invaluable to both  my real estate business and  to my Native American  homebuyers.  I would highly  recommend Tess for all your  lending needs.”  Lauren Rosin, West USA

*Please contact us for more details, 480-788-4316.

We are with you every step of the way >>> “I want to thank Tess Robinson for the quality care and  personal attention that I received when working with  her for the finance of my first home purchase and then  later when she helped me refinance.”    Paula Lingruen, Mesa AZ

PURCHASE | RENOVATE | CONSTRUCTION | REFINANCE | SAVE!!!

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