DAS Wholesale with Don Riggs

Increase Your Product Oerings Loan Programs that fit their needs

FHA – This loan program is great for first-time home buyers who don’t have a lot of money to put down on a new home. It allows a borrower to only put 3.50% of the Sales Price down. Because the loan is federally insured, lenders can -- and do -- oer FHA loans at attractive interest rates and with less stringent and more flexible qualification requirements. FHA loans allow us to oer the program to borrowers with lower FICO credit scores than many other programs. The current Up-Front MIP is 1.75% and is rolled into the loan. The Annual MIP Premium depends upon the amortization term and LTV. VA - A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Aairs (VA). VA loans are home loans for the purchase of a primary residence available to consumers who have served or are presently serving in the U.S. military. * No down payment is required, and the VA funding fee is able to be financed into the loan. *100% financing up to the appraised value of the property. USDA - The USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program. This mortgage loan offered to rural property owners by the United States Department of Agriculture. The program is designed to “improve the economy and quality of life in rural America.” It offers low interest rates and * NO Down Payment. The current Up-Front Guarantee Fee is 1.0% and is rolled into the loan. The Annual Fee is 0.35% and is a part of the monthly payment. The property must be in an USDA eligible area and the household maximum income must meet USDA guidelines. **100% LTV of the appraised value plus the guarantee fee. CONVENTIONAL - A Conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate. DAS Acquisition Company, LLC is not aliated with or endorsed by any government entity or agency, including USDA, HUD or VA. Interest rates and products are subject to change without notice and may or may not be available at the time of commitment or lock-in.

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