community advantage +

program features:

1. we cover the initial 2% of the purchase price for down payment for free. this never requires repayment. it’s straight free money.

   Example:

   Buyer is putting 3% down on $500,000 purchase price ($15,000)

   We cover the initial 2% or $10,000 and buyer is only responsible for 1% or $5,000

2. discounted interest rate for everyone

   (everybody gets the same low rate, regardless of credit score or down payment)

   Current fixed Rate as of Jan 21, 2025:

   6.25% / 6.329% APR

   Click here for a full breakdown of payments and closing costs at various prices

3. no pmi!

   Typically, you pay thousands in upfront and/or monthly PMI payments unless you have 20% down. This program has none of that, even at as little as 3% down.

4. Bonus $1,500 lender credit to help with closing costs

   As if this program wasn’t good enough??

requirements to qualify

1. The property must be located in a targeted area. To get information on which areas and properties qualify, contact Andrew Soss @ 408-212-1769 or email an address to ASoss@franklinLC.com

2. OWNER OCCUPIED ONLY

3. No Income limits or restrictions. Buyer can make $1m a year and still qualify

4. Min credit score 660, max DTI 43%, Buyer must come in with at least 1% of their own funds for down payment

5. Buyer must not own any other properties at closing. They don’t have to be a first time buyer, but this must be their only property upon closing date.

6. Condo/Townhome/SFR and Duplexes eligible (contact Andrew for special rules on duplex)

For more information on this amazing program, contact Andrew Soss directly at (408) 212-1769 (CALL OR TEXT)