NO CLOSING COST LOANS for Realtor Associates 

 

As an ARA Realtor Associate, Your Clients will receive up to $5,000 credit towards Non-Recurring Closing Costs on most loan programs

 

NO DOC PREPARATION FEE

NO COURIER/NOTARY FEE

NO ADMINISTRATION FEE

NO CREDIT REPORT FEE

NO UNDERWRITING FEE

NO PROCESSING FEE

NO RECORDING FEE

NO ESCROW FEE

NO TITLE FEE

 

   Your client might pay only origination fees or discount fees, depending on the loan program and rate chosen   

 

                           This Closing Cost credit is available only on the following types of loans: 

                           -  Single Family Residences or Condos                         

                           -  California Properties Only

                           -  Refinances and Purchases

                           -  On 1st and 2nd Trust Deeds

                           -  Loan Amounts Up to $1,000,000

 

                         Exceptions to the No Closing Cost credit are the following:

                           -  Manufactured/Mobile Homes

                           -  No Doc and Stated Income/Stated Assets Loans 

                           -  Mixed-Use Property

                           -  Co-Ops and Condotels

                           -  Non-Warrantable Condos

                           -  3-4 Unit Residential Property

                           -  Non-Arms Length Transactions

                           -  Loan Amounts Over $1,000,000

                           -  DSCR/Investor Loans

                           -  Bank Statement Program Loans

 

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