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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