Friday, September 12, 2008

FAQ - Teacher A+

The HOME LOAN PROGRAM


What is the Teacher A+ 30 year fixed?
§ This loan program is a 30 year fixed loan that loan qualifying features specifically for teachers.


What is the interest rate bid desk?
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The bid desk is designed to help Community First Financial deliver the best available rate in the marketplace. If a teacher can document that another lender has a better interest rate for a specific product our bid desk will attempt to match or beat that rate.


How do I take advantage of no down payment?
§ First time home buyers may purchase a selected home with no down payment. We can use a non-traditional credit score method which allows teachers with challenged credit or no credit history to qualify. Our program can be combined with any city, county or state grants and also allows gifts from family.

How do I get a free appraisal?
§ We will pay for an appraisal for any teacher that closes home loan with Community First Financial.

How do I get a free credit report?
§ Because of our commitment to teachers we will pay for a credit report.

How can you lower my existing payment?
§ We will do a market analysis of your current interest rate and your current home value to determine if we can lower your interest rate and/or payment.

What is http://www.communityfirstfinancial.com/?
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Our website is useful resource to learn more about our company and other loan programs.

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