Only 2% Down Can Buy you a home with the 'Community Development Mortgage Program (CDMP)'

The Wells Fargo Community Development Mortgage Program can help YOU become a home owner with VERY little down payment and NO MORTGAGE INSURANCE:

Mortgage Loan Guidelines:

• Various down payment sources are accepted
• Cash reserve requirements (None for CDMP, 2 months Neighborhood Community Development Mortgage Program (NCDMP))
• No Private Mortgage Insurance (PMI) required
• Selller contributions are allowed up to 6%
• Lower minimum loan amounts

Property Guidelines:

• Properties within approved counties or census tracts
• Purchase transactions only
• No maximum mortgaeg amounts (NCDMP max loan limit applies)
• Owner occupied primary residence only

Qualifying guidelines for applicant:

• Borrower eligibility up to 80% of the median family income for the coutny or MSA
• Alternative credit history will be considered (NCDMP will require traditional credit only)
• Verified employment history
• Homebuyer education is required
• Landlord/mortgage reference required

For additional information contact our local Wells Fargo expert:

Mike Osborn, Home Mortgage Consultant

801-787-7745 or Michael.A.Osborn@WellsFargo.com

www.wfhm.com/mike-osborn