New Program Offers Closing Cost Assistance for Homebuyers

A typical FHA buyer will need $28,500.00 to purchase a $300,000.00 home. With the Closing Cost Assistance Program (CCAP) the same scenario requires only $12,300.00, saving the borrower $16,200.00 out of their pocket!

The total amount of money a typical FHA buyer needs to buy a house is the money for the down payment and closing costs – 3.5% down payment and 6% closing costs.  The total amount needed is 9.5% of the purchase price. For a $200,000.00 house a typical buyer will need $19,000.00. Borrowers getting financing through Bluecastle Lending, the exclusive provider of CCAP, will only need as little as $8,200.00.

“The numbers are incredible” said Alex Baglioni, owner of Bluecastle Lending. “it’s changed people’s lives and it gives hardworking people the opportunity to own rather than rent.”

A VA borrower with a 720 credit score could buy a $400,000.00 home with as little as $500.00 out of pocket!

Alex Baglioni, Owner of Bluecastle Lending

For VA borrowers the numbers are astonishing. Usually closing costs are 6% of the purchase price – you need $18,000.00 for a $300,000.00 home however, for qualified CCAP borrowers it could be as little as $1,174.00; that is almost $17,000.00 saved.

The program accepts credit scores as low as 580 and it is for 30 year fixed government sponsored loans. There is no income ceiling, ownership restrictions, selling restrictions, mandatory seminars, waiting periods and lender contribution does not have to be paid back. Being a first time home buyer is not a requirement. CCAP applies to primary residences, loan amounts over $150,000.00, single family homes and borrowers that will qualify for VA or FHA.

Alex Baglioni is the owner of Bluecastle Lending and Housemart Realty, and has been selling real estate since 1997. After countless meetings with buyers that did not have the cash needed to buy, he decided to open his own mortgage company and give most of the funds that a loan originates directly to the buyer, while waiving most of the financial charges most banks have, like origination fees, underwriting fees, tax certification fees, flood certification fees, etc.

For information on this program contact Bluecastle Lending at 954-765-6567, email alex@BluecastleLending.com or visit www.AlexBaglioni.com or www.BluecastleLending.com

Source: Bluecastle Lending and Housemart Realty

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About Bluecastle Lending LLC

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Bluecastle Lending is a Florida based mortgage company that provides closing costs assistance to homebuyers in Florida.

Alex Baglioni
Alex Baglioni
Owner, Bluecastle Lending LLC
Bluecastle Lending LLC
12552 W. Atlantic Blvd
Coral Springs, FL 33071
United States