The conventional mortgage market has brought back their 3% down loan.Here are some of the features you need to be aware of on this 3% down loan product…
1) Must be able to get an automated approval.
2) You need a 720 (or better) middle credit score.
3) Your debt to income ratio can’t exceed 41%.
4) Max seller contribution towards closing costs is 3%.
5) No up front MI, but you will have monthly MI.
Let me know if you are interested in this product for your upcoming purchase – and we’ll see if you qualify for it!
Thanks for reading! …and, have a great day!
Brett