Grant Program

PHONEOPS GRANT PROGRAM

ATTENTION FIRST TIME HOME BUYERS!!! You have been invited to our site to take advantage of our "PhoneOps Grant Program". This awesome program will automatically give you a 2% Grant towards a home of your choice if you qualify. The 2% is based on the Sale's Price and it will go towards your Down Payment. The Grant Program Highlights are:

One program used for all types of borrowers, with the same qualifications

Completely forgivable grant, equals 2% of purchase price

May be combined with Seller Concessions for Closing Cost

No resale or borrower repayment restrictions

No Underwriting Fee

Loan Amounts as low as $25,000

NOT A FIRST TIME HOME BUYER?

No Problem! Do you fall under one of the following?

Retired or Volunteer

Police Officer or Fire Fighter

Public Safety Officer

Paramedic or EMT

Teacher

Nurse or Doctor

Phlebotomists

Health Ambassador

American Red Cross Worker

Civil Servant

Military Personnel

Or borrowers total income is equal or less than 140% of median area income

If you fall into one of the above, then THIS PROGRAM IS FOR YOU TOO! The Grant Program is available for Conventional Financing as well as FHA Financing. PhoneOps will determine which financing option you qualify for.

DOWN PAYMENT:

The standard Down payment amount for a Conventional loan is 3% Down and for an FHA loan is 3.5% Down. Now with this 2% Down Payment Grant, you now only need to put 1% Down going Conventional or 1.5% Down going FHA so this is a Huge Saving for anyone that want to keep money in their pocket.

Example: Based on FHA Financing, say you want to purchase a home for $250,000. Normally, your down payment would be 3.5% down ($250,000 X 3.5% = $8,750), now with the Grant Program, your down payment would be (250,000 X 1.5% = $3,750), the Grant is paying $5,000 for you and you don't have to ever pay it back, EVER! If you were going Conventional, you would save even more!!!

CLOSING COST:

When you have settlement, there are fees associated with closing. The Title Company has fees to prepare for closing, there are transfer fees, recording fees, mortgage doc fees, deed doc fees, intangible fees, other Title Company fees and Lender fees. All these fees are collected at closing. It can range from $1,500 to $7,000+ depending on the sale's price and the state the property is in.

Most Lenders charge anywhere between $500 to $1,000 in fees so that's not that bad. To get an idea of what Title Companies charge, go to: First American Website, click "All Fees", put in the basic information and click next. This is just to have an idea of what the Title Company will charge on top of what the Lender will charge. As a reminder, your down payment would be 1.5% of the Sale's Price and your Earnest Money Deposit will go towards your closing cost.

SELLER CONSESSION:

You may get up to 3% (going Conventional) or up to 6% (going FHA) of the Sale's price to go towards your closing cost. Your assigned Realtor will negotiate back and forth with the Listing Agent to get assistance for you on your behalf so this is a PLUS for you. Its no guarantees but it can help.

Example: Using the same scenario above, say the property you want is $250,000 and your assigned Realtor got you 3% Seller Concession ($250,000 X 3% = $7,500). This extra money will definitely help you with closing cost so the Realtor that we will assign you to will work hard getting these additional funds for you but keep in mind, its up to the Seller to agree on how much as they are taking this amount from their Sale's Price.

Guidelines: This program has specific guidelines. View below:

$25,000 Minimum Loan Amount

Must have income
(paystubs, SSI, ect)

PhoneOps must pull your
Tri-Merge Credit Report
No Exceptions

620 mid FICO
going Conventional

640 mid FICO
going FHA

Must have
Closing Cost

Must have 1% Down
Payment Going Conventional

Must have 1.5% Down
Payment Going FHA

Up to 6% Gift is
allowed from Family Member

Minimum Requirements:

* Must be able to show proof of income

* Application Fee ~~$295 WAIVED~~

* A Tri-Merge Credit Report fee of $57

* A valid Driver's License or State ID

* Must have a Checking Account

* A Social Security number

SERIOUS ONLY:

We are extremely busy with our awesome programs so our time is limited. Only complete this online application if you are really serious in PhoneOps Grant Program and ready to move forward after completion. Once your application has been submitted, you'll be re-directed to our Check List Page. There you'll go to and download the Grant Program Check List and start uploading your documents to our site. We'll work hard in getting you pre-approved then we will assign you to a Licensed Real Estate Agent for showing in a timely manner.

PhoneOps Grant Program Online Application

First & Last Name

Contact Number:

Email Address:

Full address including city, state, zip & county:

How long have you lived at this address?

Address Type:

Own

Rent

If you are "Renting", put your Landlord's information here including Full Name, Address, Contact Number & Fax Number: (If you don't pay rent, put 1. Pay Mortgage or 2. No Rent, Live With Family Member)

How much you pay per month in rent or mortgage?

Date of Birth:

Social Security Number:

Borrower Race:

Number of years you completed school including college:

Number of dependents:

Ages of all dependents:

Zip Code or City & State where property will be located:

How many bedrooms?

Did you already find a property?

Yes

If yes, enter the full address including the city, state, zip & county:

Employment Status:

Employed - W2

Independent Contractor - 1099

Business Owner

Don't work

The next 9 QUESTIONS is for Employment: (Put N/A if you don't work) 1. Full Name of Employer or Business Name:

2. Full address including City, State & Zip:

3. Contact number:

4. Fax Number:

5. Job Title:

6. Start Date:

7. Monthly Income:

9. If so, how much? (Put the type and the amount next to it per line or put N/A if this doesn't apply to you) INCLUDE ALL OTHER INCOME HERE!

Is there a Co-Borrower?

No, there is no Co-Borrower

Yes, there is a Co-Borrower and he/she will complete their application next

Yes, I am the Co-Borrower & this is my application

If so, put their full name here or put N/A: (If you are the Co-Borrower, put the Borrower's full name here)

Are you a First Time Home Buyer?

Yes

Do you currently have your Down Payment? (1% Conventional or 1.5% FHA)

Yes

My Borrower/Co-Borrower has the Down Payment

Name of your bank where you hold the Down Payment?

Do you currently have your Earnest Money Deposit (EMD) to take the property off the market?

Yes

My Borrower/Co-Borrower has the EMD

Do you pay child support?

Yes

CO-BORROWER'S SECTION: If there's no Co-Borrower, SKIP THIS PAGE! ~ ~ Co-Borrower's Full Name:

Contact Number:

Email Address:

Date of Birth:

Social Security Number: (We must pull your credit)

Do you receive any of the following? (Check all that apply)

SSD

SSI

Alimony

Pension

Child Support

Cash Assistants

Other

I do not receive any benefits

If so, how much? (Put the type and the amount next to it per line) INCLUDE ALL OTHER INCOME HERE!

Your total monthly income:

There will be a one-time Tri-Merge Credit Report fee of $45 per borrower & you’ll be re-directed to the site pay after completion of this application. PhoneOps has to pull your credit to see what you qualify for. Do you understand?

No, Disregard my Application

Yes, I will pay for 1 borrower: $45

Yes, I will pay for 2 borrowers: $90

NOTE: If your credit is lock, you must unlock your credit from all 3 Credit Bureaus after you pay your invoice & keep it unlocked for at least 5 days to avoid paying another Invoice Fee of $45 per person. Do you understand?

No, Disregard my Application

Yes, all 3 Credit Scores are Unlocked. PhoneOps may pull my/our Credit

Enter the name of the person that sent you to this site to place your file as "Priority".

This completes the Application. Please Rate your opinion:

1-Boring

2-Too long

3-It was fine. Not too long

4-Anxious in getting Pre-Approved

4-Excited, Lets get the 3-Step Process complete!

Checking this box means you agree to our terms which are: 1. You agree that PhoneOps must pull your credit. 2. You agree that your credit is unlocked. 3. You agree and understand that the $45 is non-refundable.

Yes, I agree and understand. Please proceed!

1 + 7 =

Grant Program

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