The following is a partial list of programs offered by At Home Discount Mortgages Inc. with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 866-533-1332.
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3% down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.
Similar to FHA, but without maximum mortgage amount limitations. Must be a single family, owner occupied home and borrower must have a credit score of over 680.
Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment. Aggressively priced, these programs have many variations, including: No Doc, Limited Doc, and Full Doc. Program may not be available in some states.
Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.
A ratio of monthly bills to monthly income higher than 50% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.
These mortgages are for borrowers with less-than-perfect credit. They can vary from slightly damaged credit to severely damaged. Regardless of your situation, we have a mortgage that will get you back on track.
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
Based on the location of the home you wish to buy, the total household income from all sources must be less than the Income Limits shown in the Eligible Income Limits box below. This income requirement must be met for the coming 12 months.
Income Limits - All Types of Loans
Nontargeted Targeted
Household size 1 & 2 3 + 1 & 2 3 +
--- COUNTIES ---
Davis
Morgan
Weber
$ 68,500 $ 78,500 $ 82,000 $ 95,500
Wasatch
$ 65,500 $ 75,000 N/A N/A
Salt Lake
Summit
$ 67,500 $ 77,500 $ 81,000 $ 94,500
Tooele
$ 64,500 $ 74,000 N/A N/A
All Other Counties $ 64,000 $ 73,500 $ 77,000 $ 89,500
