Benefits:

  • Lower interest rate then Private Money/Hard Money Mortgages
  • Build equity faster
  • Higher LTV's then Hard Money
  • No prepayment Penalties
  • Scores starting at 620
  • Can be done with recent BK or Shortsale or Foreclosure
  • Rate is fixed upto 30 years with no prepaymenty penalties

Drawbacks:

  • Higher monthly rate then a conventional mortgage