The program was designed to help potential homebuyers who are short on funds to close for a home, but have other factors such as low debt, a decent credit score and a stable job history. ***The minimum qualifications DO NOT GUARANTEE APPROVAL, but are the qualifications that you must meet at a minimum to be considered for the program.
This program is only available in South Carolina and Georgia at the moment, and you are only able to work with a Low Asset Program Preferred Realtor Partner on this program. If you are working with a non-preferred realtor, you are NOT eligible for this program. (Please see list of partner agents below).
Debt to income restrictions are the same as they would be for normal loan types including conventional, usda, fha and va loans. There are no additional debt to income restrictions.
There are no income limits.
The maximum purchase price is the same as they would be for normal loan types including conventional, usda, fha and va loans and there are no additional purchase price restrictions.
A minimum credit score of 620 is required, but a 640 or higher is recommended for best approval odds. Please note that credit score requirements are only a minimum qualifier and do NOT guarantee loan approval.
Borrowers must be able to show a minimum of $1,500 in the bank at the time of application. (This cannot be 401K funds or gift funds, they MUST be available in a bank account at time of application). You may provide a transaction history if funds do not show available on your last bank statement but are available in your account at time of application. These funds are for up-front loan costs such as earnest money, appraisal and inspection fees, and homeowner education fees.
At this time we are only working with those certified for the program and you will not be offered the low asset program if you are not working with a partnered agent. (We will add more agents in the future, but not at this time).
The program is specific to a borrower's individual situation, so it is best assessed by looking at an actual loan application, as there are many different option under the program.
If you meet the minimum qualifications, you can click the apply now button below and select a certified realtor partner when asked do you have a realtor. (A list of certified realtor partners and areas they service are listed below).
Yes, we welcome all agents and their clients. We have an array of other loan programs and would love to help you and your clients. You may add your information to our database, and your name will be listed when your clients complete an application and they can select you as their agent and you will be copied on all communication throughout the loan application and process. To be added to our database click this link www.legacylendingmg.com/realtor
Yes. If you are licensed in SC, GA, FL, or LA, please click the button below and an email will be sent to us automatically adding you to our waitlist and we will reach out via email when we are scheduling the next class. PLEASE INCLUDE YOUR NAME, STATE(S) YOU SERVICE AND YOUR REAL ESTATE LICENSE NUMBER. (All agent licenses will be checked).
Service areas: Entire Upstate of SC. Spartanburg, Boiling Springs, Duncan, Lyman, Wellford, Greenville, Gaffney, Anderson
Service areas: Georgia: Gwinnett County, Fulton County, Dekalb County, Cobb County, Rocksdale County, Newton County, Henry County
Service areas: Atlanta, Georgia and surrounding areas.
Service areas: Upstate of South Carolina, mainly Anderson, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union Counties
Service areas: Charleston and surrounding areas (counties, Berkeley, Dorchester etc.) of SC
Service areas: Greenville, Mauldin, Piedmont, Simpsonville, Duncan, Spartanburg, Boiling Springs, South Carolina.
Service areas: Spartanburg
Union, Greenville, Greer and Taylors, SC
Service areas: Anderson, Belton and Greenville, South Carolina and all surrounding areas.
Service areas: Upstate South Carolina and Aiken, SC.
Service areas: Surrounding areas of Columbia, SC.
Service areas: Columbia, Blythewood and Sumter, South Carolina.
Service areas: Charleston, SC and surrounding areas.
Service areas: Columbia, SC and surrounding areas in the Midlands.
Service areas: Upstate South Carolina including Anderson, Belton, Greenville, Piedmont.
Service areas: Entire Atlanta Metro Area. Specifically Henry, Clayton, Spaulding, Rockdale, Fulton, Bibb, Cobb, Gwinnett, Dekalb, Newton and Fayette Counties.
Service areas: York County, SC (Clover, Fort Mill, McConnells, Rock Hill, Tega Cay/Lake Wylie, York) Chester County, SC (Blackstock, Chester, Edgemoor, Fort Lawn, Great Falls, Lando, Richburg)
Service areas: Elgin, Lexington and Richland County, SC.
Equal Housing Opportunity
2o22 Legacy Lending Mortgage Group 2315 N. Main St STE 211D
anderson, sc 29621 1-866-893-LLMG (5564)
NMLS ID 2274014. For licensing information go to www.nmlsconsumeraccess.org.