1% & 3% DOWN CONVENTIONAL LOANS!
1% & 3% DOWN PAYMENT CONVENTIONAL LOANS!
Most buyers are IMMEDIATELY DISCOURAGED before they even BEGIN the Home Buying Process because they Believe that you Still need a Down Payment of 20% to get a solid Conventional Loan and Low Affordable Monthly Payment! In todays age, most buyers unfortunately don't have a significant amount in their savings account, especially to give away freely so it can be LOCKED IN THEIR EQUITY!
THAT'S WHERE FANNIE MAE'S HOME READY CONVENTIONAL LOAN COMES INTO PLAY!
WITH DOWN PAYMENT OPTIONS STARTING AT 1% TO 3% FOR BOTH 1ST TIME AND NON 1ST TIME HOME BUYERS, THIS PRODUCT CAN HELP YOU GET MORE BUYER'S IN HOMES!
Minimum Fico Score- 640 for 3% DOWN!
Minimum Fico Score- 720 for 1% DOWN! (Lender will gift 2%)
Available For Both 1st Time & Non 1st Time Home Buyers!
DTI/DEBT TO INCOME RATIO as high as 50% (Subject to AUS)
Single Family Residences (1-Unit, Condo, Townhome)
CLOSE IN LESS THAN 30 DAYS!