One of our lenders has come out with a new First Time Homebuyer Program that blows away the competition! Read for some highlights and what you need to know. The next step is to setup a 15 minute call to get you qualified to take advantage of this.
1% down conventional loans up to $350,000. Typically a conventional loan requires a 3% down minimum. This lender is having buyer's put down 1% and adding the 2% additional as a grant to buyers. Save this 2% to buy things you need for your first home!
No PMI - the best way to make a loan more affordable to cut out un-needed monthly charges. With no PMI paid by the buyer, your payment will be lower.
First time buyers must qualify and make less than 80% of the median income for the county the property is located in. Check with us how much this is.
Credit scores of 640 and above qualify for the program as long as Fannie Mae's Desktop Underwriter automated system gives an approve/eligible finding. Don't worry, we do that for you.
When qualifying for this program, you also qualify for the reduced loan level pricing adjustments charged on other loans. This gives you no additional costs that typically apply to other conventional programs. A huge savings indeed.
The nest step is a 15 minute call to see if you meet the qualification for this program. Even if you have been pre-approved elsewhere, this program is a money saver that should be looked at.