Exclusive 100% Conventional Loan rolls out today!, Halloween and Flu Shots and last Training Class of 2008 on 11/4

As promised, we are excited about rolling out our exclusive 100% Conventional loan. When we can be of assistance to you and your buyers, call us at 972-278-3400. Here are the details: · 95/5 Financing (the 5% down payment is paid by a Community Second that we have available and ready)! · Seller is allowed to pay up to 3% toward buyer’s closing cost and pre-paids. · No minimum out of pocket required for buyer! · Depending on Sales Price and Credit Score, possibly no Private Mortgage Insurance (PMI)! · Not a First Time Homebuyer Program (but buyer cannot own a home at time of closing- can do a simultaneous close). · Credit scores must be 620+ (and must run through automation underwriting, i.e., DU or LP). · Household income can go up to $90,000. · Max DTI (Debt to Income) is 45%. Call us at 972-278-3400 to talk to your buyers to see if it is the right mortgage for them! Reminder of other 100% Loans Still Available: · VA (No down payment, No Monthly MI, Seller is allowed to pay all reasonable and customary cost) · USDA (No down payment, No Monthly MI, Seller is allowed to pay all reasonable and customary cost). Area and Income Specific- call or email us for details. Reminder of 97% Loans (3% Requirement) Still Available: · FHA (2.25* Down payment + .75 in Closing Cost; Seller is allowed to pay closing cost and pre-paids up to 6% of sales price provided that buyer has 3%** contribution into the home) · Freddie/Fannie Conventional Loans- 3% Down payment; Seller is allowed to pay closing cost and pre-paids up to 3% of the sales price) *Downpayment on FHA changes to 3.5% as a 1/1/09 **There are 22 Ways in which a buyer can obtain their funds to close- ask us if you have any questions. Make a Difference Day- Did you know that today is “Make a Difference Day”? Let’s do it! Reminder: Halloween Breakfast and Flu Shots- It is fitting that we will hold our annual flu shot clinic here at the office (3200 Broadway Blvd in Garland) on Halloween morning- I think that they are pretty scary- don't you :) although I do get one every year myself. We will have a nurse at our office from 8-9 AM for flu shots on October 31 if you would like one. I do need an RSVP for the flu shots by 10/29 so that the nurse knows how many shots to bring. The flu shot cost is $25 per person. So, to make it fun (and we are always looking for a reason to throw a party), we will be serving breakfast at the same time (Friday morning, October 31 from 8:00-9:00 AM). We will have scrambled "brains" :) (eggs) with tortillas with all the trimmings and homemade pico made by Chef David (my husband) who most of you know is an excellent cook. So whether or not you are getting a shot, come on by for food, fun and prizes. We look forward to seeing you here! Training Class in November- "Rescuing the American Dream" Due to a lot of calls, we are going to teach one last class in November which is "Rescuing the American Dream". This will be a 90 minute class with quick overviews of what type of financing can be done now, how to market the changes to your clients, as well as a quick overview of short sales and foreclosures and the new housing bill HR 3221. It will be fast, fun and will equip you with knowledge that you can use to market this knowledge to your clients. The class will be held in my office (3200 Broadway Blvd, Suite 120, Garland) on Tuesday, November 4 from 1 PM- 2:30 PM. This will be the last class of the year that we will hold here at the office. Note, however, that I am available for classes in individual offices/ meetings. To RSVP for the 11/4 class, simply call 972-278-3400 or email us at ldavidson@servicefirstmtg.com. Have a blessed weekend. When we can be of assistance to you and your buyers, please call us at 972-278-3400 or email us at ldavidson@servicefirstmtg.com. Linda Davidson, Senior Loan Officer, DE Underwriter Service First Mortgage 972-278-3400 office 972-497-6452 fax 1-866-963-3777 Toll Free www.davidsongroup.net Check out our blog: http://lindadavidsonmortgage.blogspot.com