Oaktree Funding Corporation

Rural Communities Program

Up to 100% Financing Program

Here are the highlights:

• 620 FICO Score
• SFR, Condo’s and PUDs (no units, investment or manufactured)
• Finance the full appraised value plus the 2% up-front Mortgage Insurance for a total of 102% of the appraised value.
• Seller may contribute up to 6% of the purchase price toward closing costs and/or prepaids.
• 100% gifting permitted for all closing costs
• No post-closing reserves requirements.
• 29/41% Debt-to-income ratios.
• NOT limited to First-Time Homebuyers.
• No loan limits ( based on income requirements)
• NO MONTHLY MORTGAGE INSURANCE - the One-Time MIP fee at closing keeps the monthly payment lower than FHA financing.
• 30 year fixed-rate, fully amortized loans only

To Check your Eligibility for this Program

• The property must be located outside the Urban Growth Boundary or Metro Area city limits.  Refer to the area map - Click Here to view area maps or to look up a particular address.
• Household income must be within allowable range.  There are allowances that are factored including; number of people in the household, ages, disability, students, child care expenses, etc.  Click Here to check your income eligibility.  (This program requires using Internet Explorer browser). 

Don't delay - this program may not last!  Call your loan officer today

 

Oaktree Funding Corporation     

223 N. Mountain Ave

Upland, Ca 91786

909-982-5945 Fax 909-982-9614