5% Down Payment plus closing costs and prepaids (down payment must be own funds, closing & prepaids may be gift from family member. Seller can pay 3% of sales price towards borrowers closing costs.)

2 years steady employment or schooling in field.

Clean credit (no outstanding balances on collection accounts.)

Ratios: 28/36 %

Single family residences.

(Separate loan for closing costs may be obtainable.)

Same as above

Except: Down payment (from 3% to 5%), down payment, closing costs and prepaids may be a gift from a family member. Seller can pay 6% of sales price towards closing costs and prepaids for borrowers.

Ratios:29/41 %

Same as above

Except: 0 down payment/closing costs and prepaids may be gift. Seller can pay 4% of sales price towards closing costs and prepaids for borrowers.

Ratios: 29/41 %

Borger Branch of Amarillo National Bank participates in a 95% LTV CHBP loan. The following are some of the guidelines that we must to comply with:

• Borrowers may be able to borrow Prepaids & Closing Costs in a separate loan or obtain gift from a family member at closing.
• 
  
• May also get a gift from family member for 2% of the down payment.


• Ratios: 28/36 %


• Seller Contributions not to exceed 3% of the sales price.


• Down payment funds must be verified at application average balance in savings or checking acount at least 3% of sales price/or ARE THEY RECEIVING TAX REFUND?


• Borrower cannot own any other property.


• Co-Signers are not permitted.


• No reserves required after closing.


• Must attend a Community Homebuyer Program Class.


• Borrowers must have steady employment and clean credit.


• Maximum annual income of borrowers cannot exceed medium income for the county:


1. Hansford County: $34,900.00


2. Ochiltree: $36,300.00


3. Gray: $34,000.00


4. Carson: $36,400.00


5. Moore: $35,200.00


6. Hutchinson: $38,000.00

Please call if you have any questions, we also offer FHA and VA Financing.

Mortgage Loan Officer
(806) 275-5030

Enter the values and I will tell you the payment. The loan can be a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments.