To begin working with Jubilee, you must meet (3) minimum requirements outlined below:
Have at least (24) months total job/retirement history with a minimum of (30) days at your current job/retirement position prior to closing
Bring in income of $3,000 per month or greater for all parties who are on the loan (note parties must be on the loan for the income to be considered – cannot be on the deed/ownership only). You are welcome to add additional family members/legal blood relatives to your application to provide additional income to qualify if you wish.
Have a minimum credit score of 620.
Please note that the above requirements do not guarantee the ability to buy a home – they are simply the minimum to be considered.
If you meet these requirements, enter your information below and it will automatically take you to an online application for our Lender.
Steps to complete are:
When it asks who referred you, it is critical you put Jubilee Realtors in as the referral source
Complete the Application by hitting Submit once the application is completely filled out
Once completed, please reply to this email to let us know it is complete
From there, our Lender will follow up within 24-48 business hours to notify both you and us of its completion as well as any additional steps and pending items that are needed in order to be approved to buy a home.
GET APPROVED BY OUR PREFERRED LENDER, SIGN A CONTRACT BY DECEMBER 31ST AND RECEIVE $6500 TOWARDS YOUR CLOSING COSTS!
Let’s Work Together
If you make over $64,240 per year, please apply here.
Effective August 16, 2022, eligible borrowers will be able to receive forgivable grants for up to 4% of the purchase price, up to $12,500.
Requirements for borrowers:
*620 Minimum Credit Score
*First Time Buyer (An individual is to be considered a first-time homebuyer who (1) is purchasing the security property; (2) will reside in the security property as a principal residence; and (3) had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the security property. In addition, an individual who is a displaced homemaker or single parent also will be considered a first-time homebuyer if he or she had no ownership interest in a principal residence )
*Borrowers must have $500 of their own funds in the transaction.
*Income will be based on 80% median area income to qualify (up to $64,240).
*Only .25% PMI Factor