MSHL Programs

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HOME FINANCING NEEDS Michael Jenkins Home Loan Consultant NMLS #1746622 410-206-1877 mjenkins@mainstreethl.com 1954 Greenspring Dr, Timonium, MD 21093 This is for informational purposes only. All information contained herein is subject to change at any time. All Down Payment Assistance Programs have different requirements and contingencies; please consult with the Loan Originator to discuss your options. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. MLO licensing information: MD 1748822. Main Street Home Loans is a Division of NFM, Inc. dba NFM Lending, NFM NMLS 2893. Main Street Home Loans is licensed by MD # 5330. For Main Street Home Loans’ full agency and state licensing information, please visit www.mainstreethomeloans.com/licensing. Main Street Home Loans’ NMLS #2893 (www.nmlsconsumeraccess.org). Main Street Home Loans is not affiliated with, or an agent or division of, a governmental agency or a depository institution. Copyright © 2024.

Loan Programs aren’t one size fits all, but we’ve got something in every size!

Conventional Financing Fixed and adjustable rates. Great for nearly every borrower.

Min FICO of 620 Rates & PMI* are credit based

FHA A great choice for first-time homebuyers or buyers with less-than-perfect credit.

PMI* is permanent for the life of the loan More stringent property requirements on appraisals

USDA For borrowers seeking properties in rural areas.

Strict income requirements Monthly PMI* permanent for the life of the loan

VA Perfect for active and reserve military. Spouses may also qualify.

Lower credit score requirements Can have more than 1 VA loan

MMP - mmp.maryland.gov Various options ranging from low market rates to first time buyer programs.

Student loan forgiveness*

HARFORD COUNTY SELP - harfordhousing.org Flexible down payment and closing cost assistance program that provides opportunities for first-time homebuyers to obtain homes that are safe, decent, and affordable.

FHLB - fhlbatl.com 5 year forgivable grant Up to $12,500* for first time home buyer Up to $15,000* for community partners Grant money is limited, first come first serve basis

203K You can still buy that house with needed/required repairs.

Finance any required FHA minimum property repairs + desired upgrades, except luxury items Up to 6% seller concession allowed

100% Financing FHA Product Great for all buyers (not just first-time). FHA loan covers 96.5% and a second mortgage covers the 3.5% downpayment.

Bridge Loan Investment Can be secured by 1 or 2 homes Max loan to value of 60% 11 month terms

HELOCs Fund your goals using the equity in your home.

Get your cash in hand in just days, not weeks or months Loans up to $350,000*

Non-Warrantable Condos Non-Occupant- co-borrowers allowed No condo questionnaire or Reserve Requirement Up to 80% LTV/90% CLTV

Construction & Renovation Perfect for a home in need of a little TLC. Purchase or refinance and roll the cost of improvements or repairs into one loan.

Reverse If you’re a homeowner 62 years or older, whether you own your home outright or still have a mortgage, you may qualify to get cash based on your home’s value.

DSCR (Debt Service Coverage Ratio) Mortgage Solutions for the Non-Traditional Borrower. Investors can purchase a property and use the expected rent income for income qualification with the DCSR Investor Cash Flow product.