Abatement Program
A seller or builder pays all or a portion of the borrower’s initial monthly PITI payment!!!
Up to 6 months!!!!
This is an interesting alternative to seller paid closing costs.
•
Seller must be provider of abatement funds.•
Abatement period can not exceed 6 months.•
Must be included in the total Seller Contribution limits.•
1-2 Unit Primary Residences and Second Homes only.•
Borrower is qualified for the total monthly payment.•
Reduces monthly payments for buyer as much as possible.•
Conforming loan limit of $417,000 applies.•
Available programs: Fixed Rates, ARMS and also available as interest-only.•
FHA program allows for partial abatement. Borrower must payprincipal portion of payment.
NOW THAT IS INTERESTING! CALL ME FOR MORE INFO!
Jennifer Keenan
Tidewater Home Funding
Toll Free (888) 807-4834
E-mail: jkeenan@tidewaterhomefunding.com
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