Family Choice Mortgage Corporation "Mortgages In Your Best Interest"

Family Choice Mortgage Corporation is a retail mortgage lender, serving REALTORS®, Builders and homebuyers in distinct market areas within Massachusetts, Connecticut, Rhode Island and Florida. Experience World-Class Customer Care with our "Certified" Mortgage Bankers. We feature first and second mortgage programs in the best interests of Realtors, Builders and homebuyers with a combination of product, pricing, processes and professionalism adding up to a world of difference to the customer base.

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Incredible quality and craftsmanship in this 2007 custom built home looking west over the great salt marsh and Cape Cod Bay for amazing sunsets...

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All Content Copyright 2003-2009 Family Choice Mortgage Corporation

Our reputation is based on our trademark "It's Like having a Mortgage Banker in the family"™
When you need someone you can trust to find you the best home loan at the lowest rate--quickly and simply. Remember to talk to a friend of the family! Family Choice Mortgage Corporation is the
next best thing to having a mortgage banker in the family.

Mortgages In Your Best Interest™ & It's Like Having A Mortgage Banker In The Family™
are registered trademarks of Family Choice Mortgage Corporation

FHA 203k Streamline...
Another of the resurgent HUD-Backed programs that seems increasingly useful in this market environment is the 203k Streamline Rehab loan which allows the purchaser of a distressed property to include the rehab costs in the mortgage as long as the total rehab amount does not exceed $35,000. The normal County limits for the mortgage amount still apply.

There are other limitations, as well:
The home must be a primary residence, there are certain improvements not allowed (i.e. landscaping), The contractor must be in good credit standing, and the home buyer is usually prevented from becoming their own general contractor.

The same lower down payment requirements remain for this program, with the borrower being required to contribute 3% of the acquisition cost, via saved funds or family gift.

The program calls for an additional 10% of the rehab cost (up to $3,500.) to be added to the borrowed funds in case the project incurs a cost over-run. If not used the funds are subtracted from the final loan amount.

While larger rehab projects are available under the original 203k, this is a more widely available program for the first home buyer with fewer strings and red tape attached.

Family Choice Mortgage Corp is a participant in the 203k lending program . Inquire with any Branch Lending Consultant for more information.

To view the current HUD limits for all 1-4 unit properties, click below.

Kenneth Harney, "Washington Post" nationally syndicated columnist talks with Family Choice Mortgage CEO...

Reverse Mortgage:
What You need To Know

First, the basics...

A Reverse Mortgage is a safe and easy way for seniors to turn the equity in their home into a source of income for any financial need.

It is available to senior homeowners who are at least 62 years of age.

Unlike traditional mortgage loans, it does not require repayment of any kind until the home is sold or the borrower no longer occupies the home as primary residence.