Seems like there IS a 100% financing option available for mortgages in Blacksburg, VA.

1. STAR is a new and exciting program at StellarOne Mortgage that
offers your clients assistance in purchasing a home of their very own.
Maximum Loan Amount
$300,000
Maximum Loan To Value (LTV)
and required credit score:
100% LTV with credit 700 and above
97% LTV with credit 660 and above
95% LTV with credit 620 and above
90% LTV with credit 600 and above
(minimum credit allowed 600)
Maximum Income Limits
Hud Median Income for County / City
Private Mortgage Insurance
(PMI)
NO PMI
Cash Reserves
2 months worth of payments including
insurance and taxes, gift funds are acceptable
Home Ownership Counseling
Counseling required and borrowers must
provide certificate of completion within 12
months by a StellarOne recognized counseling
program prior to loan closing.
Credit Requirements
No bankruptcies
No collections/judgments in prior 24 months
No unpaid collections/judgments
No 30 day delinquencies in prior 12 months
Non-traditional credit may be considered with
minimum of 3 verified sources
StellarOne also offers a variety of mortgage products and will find the
loan that best suits your customer’s needs.
Mortgage Consultant
105 Arbor Drive
Christiansburg, VA 24073
t 540.382.6091
c 540.577.5056
Must be owner occupied primary residence purchases only. Program
guidelines are subject to change at any time without notice. The
description above are highlights of the program. Other restrictions
apply. As of 1/9/2013.
schafin@StellarOne.com
NMLS ID 475651
EQUAL HOUSING
LENDER
www.StellarOne.com
888.785.5271
MEMBER FDIC