BankUnited expands residential lending lineMortgagePress.comResidential mortgages
BankUnited Financial Corporation (BFC) has introduced its Growth
and Advancement by Investing in Neighborhoods (GAIN) mortgage
product, targeted to low- to moderate-income, first-time homebuyers
and meant to expand community redevelopment initiatives.
With GAIN, borrowers can obtain loan amounts of up to $417,000,
6 percent seller concessions with 100 percent loan to value and no
minimum contribution from the borrower. GAIN also offers a 40-year
term, low mortgage insurance requirements and no income limits on
low- to moderate-income tracks.
Coral Gables, Fla.-based BFC is the holding company for
Florida-based banking institution BankUnited FSB. For more
information, call (877) 779-2265 or visit www.bankunited.com.