NO MONEY DOWN Disaster Loans
Our Clients Are More Than Just a Real Estate Transaction! THEY’RE FAMILIES JUST LIKE OUR OWN!
So many families in the Greater Baton Rouge are suffering from the recent disastrous floods. People have been displaced from their homes and rental properties only to find if they can find another place to lease, the rents have been dramatically increased!
Smart Move Real Estate has teamed up with an actual underwriter for the 100% (no money down) Disaster Relief Home Purchase Loan. This is important because applying for this loan through a middleman (loan broker) may force you to pay a much higher interest rate. This is because a middleman must up-sell the interest rate to make money on the loan. (The interest rates offered by our mortgage underwriter currently start at 3.25%.) To put this in prospective; an estimated payment to purchase a $200,000 home including insurances and tax escrows would be around $1,250 per month. This is with no money down and you may get a one month break from making a payment. (This payment is an example estimate. Your payment can be higher or lower based on variables such as credit score, tax and insurance rates and whether we can get the home seller to contribute to our client’s transaction fees.)
The Experienced Realtors at Smart Move Real Estate have been highly trained in the requirements and nuances that will allow our clients to qualify for this program, find their new home and get to the closing table in the shortest possible time. If you work with a Smart Move Realtor and our mortgage underwriter, you could be moving into your new home in 30 days or less!
NOTE: The Disaster Relief Home Purchase Loan is a niche mortgage product and requires an experienced loan professional who is thoroughly trained in the nuances of this loan program. Smart Move Real Estate refers our clients only to the very best of these loan professionals!
BASIC CRITERIA FOR THE DISASTER HOME PURCHASE LOAN:
- Maximum Loan Amount: $271,050 (Purchase price may be higher with a down payment of the difference between purchase price and max program loan amount.)
- Minimum credit score: 620 (If you do not know your credit score, use this link to get your FREE credit score. (We have sources with lenders who will facilitate this loan product with credit scores as low as 600.) https://www.creditkarma.com/signup
- Must have been displaced or current residence rendered uninhabitable by the recent flood.
- You may own a current home that was damaged or rendered uninhabitable by the flood. However, if you have a current mortgage on the property, you will need to be able to debt-to-income qualify for the new loan with your current mortgage.
- Additional underwriting qualifications may apply. Your Smart Move Real Estate agent will refer to the best loan professional for your unique situation and needs. Call us today (225) 448-4850 for more information or to get the process immediately moving forward.
FYI…The benefits and savings Smart Move Real Estate provides our clients who work in the Law Enforcement, Education, Military or First Responder industries through our HERO SAVINGS PROGRAMS will apply with use of the Disaster Relief Home Loan Program. (click on the HERO SAVINGS PROGRAMS for more information)
Derek was always ready to meet me and show homes when it was convenient to me. When he understood what was most important to me in a home, he would diligently research new listings and send them to me. He worked for me a few months prior to my move from Colorado, never forgetting to keep me informed.
Brandon did a great job selling our home. He was always available and kept us informed during the process. Brandon is very knowledgeable and more importantly he is honest. I highly recommend Brandon to anyone looking to buy or sell a home.
My husband and I purchased our dream home in April 2015. Prior to buying our home, we searched and worked with few real estate agents. Finally our headache was over!!! We meet with Brandon and just by talking to him we felt confident in him. He is very professional and knows his work. He is very prompt and very helpful. My husband and I highly recommend him. He made sure that we were in our dream home as promised. Brandon takes care of his clients. Becoming a homeowner has been the best thing we…
Brandon was very helpful and knowldgeable. My wife and I were new to the area and looking for our first house Brandon was willing to work with us around my work schedule and was very kind in allowing our young son to come along on house searches and helping to keep him entertained as well .
Derek is a great guy! It’s been months since we bought our home and I can still call him if I have any questions. If I ever buy another house it will definitely be with him.
Brandon was very helpful during my home search. He was quite resourceful and responsive. I would highly recommend him if you’re looking to purchase or sale your home.
We really enjoyed working with Brandon while searching for our new home. He let us know what to expect and lead us through the whole process so that it didn’t have to be a stressful one. He also responded to our calls and texts quickly, with no matter how small or big our question or concern was. I would highly recommend him to anyone who is even thinking about buying or selling their home.
Working with Smart Move Real Estate and Jay Johnson was an absolute pleasure. They not only got my home sold for top dollar, they also saved me a lot of money in the process. Jay went above and beyond to educate and assure me throughout the process. There is no other Realtor that I would even consider referring to my friends and family!
I didn’t have the best experience with the Realtor who sold me my house. So, naturally I was a bit skeptical when Derek and Jay from Smart Move told me that they could get my house sold for less commission than other agents were telling me that they would charge me. Well, they didn’t just get my home sold quickly and for a great price, their knowledge and experience kept me from making a mistake that could have cost me tens of thousands of dollars. I am so thankful I decided to allow them …
I am almost 60 years young and have needed to depend on realtors about 5 times in my life, either with buying new property or selling old. Derek was the very first that came with no irritation, or that feeling that I can’t wait to never see this person once the deal is done! With changes in life through new housing being hard enough, Derek Overstreet will become a family friend, due to his professional and trusting guidance as your realtor.