Yes, as long as the city grant is approved by HUD, you must obtain the terms and conditions on the grant.. and be able to obtain the approval by the city for your Borrower.

 

Kim Boren

National Underwriting Manager

Gateway Mortgage Group

14850 Quorum Dr. Ste. 450

Dallas, Tx. 75254

 

From: 1st Continental Mortgage dba Continental First Lending
Sent: Wednesday, July 14, 2010 9:15 AM
To: DEunderwriter@gmos.us
Cc: 'www.JerryLair.com'
Subject: scenario/loan question

 

 

Do you take a city grant for $20,000.00?

They pay the house down this amount of money.


1st Continental Mortgage dba Continental First Lending

 

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