National City Mortgage Flex100

This program provides an opportunity for a buyer to have either $500 of their own funds into the transaction or 3% from flexible sources.

Use when your buyer

ⁿ has limited cash

ⁿ has good credit

ⁿ wants to use a temporary buydown

ⁿ wants to retain ownership of other property

ⁿ may have access to a gift or grant

Features

ⁿ up to 100% LTV

ⁿ 3% from flexible sources or $500 own funds

ⁿ 3% seller contribution

ⁿ credit score requirement determined by Automated Underwriting

ⁿ no payment reserves required

ⁿ no qualifying ratio guidelines - determined by Automated Underwriting

ⁿ can own other property

ⁿ fixed and adjustable rate

Income limits:

ⁿ None

Contact:

ⁿ Tim Moffitt, National City Bank, 614-276-LOAN (5626), tim.moffitt@ncmc.com