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Click
here if you want to set up a home equity line of credit
along with your new mortgage.
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Watch
this video for tips on getting that new mortgage
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New
Mortgages
The NEA Home Financing Program®
has made the home financing process easy and convenient for
NEA members and their families.
We offer homebuyers:
How Much Home Can I Purchase?
The amount of home you can afford depends
on your income and debts, and the funds you have available for a
down payment and closing costs. Requirements can vary for
different down payment amounts and loan programs.
For a more detailed analysis of loan
programs that meet your financial situation, call the NEA Home Financing
Program at 1-800-NEA-4-YOU,
(1-800-632-4968) -- from 8:00 a.m. to Midnight, ET, Monday through
Friday, and 9:00 a.m. to 5:30 p.m. Saturday.
Here's a handy Move Planner
Checklist!
Once you've purchased your new home,
there's only one thing left to do -- move! Use our Move
Planner Checklist to help make your move smooth and organized.
† You
will need a minimum of a 5% down payment and an overall good credit
profile to be eligible for a loan decision
during your application call. Single-family dwellings, townhouses
and planned unit developments only. Condos, co-ops and investment
properties are excluded. Also, because with this program your loan
decision may not be subject to an appraisal, you may want to consult
your legal advisor to include an appraisal contingency in your purchase
contract. Other underwriting conditions may apply, such as maximum
loan amount.
††Borrowers are eligible for a closing cost discount after closing on any new purchase or refinance, secured by a first mortgage or deed of trust, closed through the NEA Home Financing Program, provided by Wells Fargo Home Mortgage (New Loan), on or after 12/01/2007, subject to qualification, approval and closing. Discount may not exceed your out-of-pocket costs. This discount is not available on home equity loans and lines of credit, FHA mortgage loans, assumption or modification loans, loans originated through brokers, joint ventures or other third parties, and cannot be combined with any other offer or discount. This discount must be mentioned at the time of application, and all eligibility requirements met no later than two days prior to your New Loan closing date. Only one discount permitted per New Loan. This discount is void where prohibited, subject to program availability.
††† $150 Community Sharing Program must
be initiated at time of loan application. $150 Donations are made
by the Wells Fargo Housing Foundation without any additional charge
to the mortgage transaction. The recipient organization must have
status under 501(c)(3) of the Internal Revenue Code. Promotion valid
for new purchase or refinance mortgage loan applications taken on
or after January 1, 2005 and closed through the NEA Home Financing
Program. Promotion cannot be combined with any other programs or
promotions. Promotion does not apply to assumption or modification
loans, loans originated through brokers, joint ventures or other
third parties, home equity loans or home equity lines of credit.
Wells Fargo Home Mortgage reserves the right to change or end the
promotion at any time without notice. Contact your mortgage consultant
for additional details, terms and conditions.
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