…It’s Fannie Mae’s 97% purchase product!
Here are some of the important features of this product…
1) Owner-occupied primary residence only.
2) Minimum 720 FICO score.
3) 3% down payment must come from the borrower’s own funds.
4) 1-unit attached and detached single family residence, attached and detached PUDs.
5) Purchase and rate/term transactions.
6) Maximum DTI 41%.
7) 15, 20, 25, and 30-year loan terms.
8) No up front MI (like you would have on FHA).
9) Loan amounts up to conforming limits (417k in Texas).
This is a great product.
If you meet the credit criteria listed above, and you only want to put 3% down on a house – then call me and I can help you with this.
That’s it for today!
Brett
To see if you qualify for a mortgage right now – [ez_btn color=”red” url=”http://r20.rs6.net/tn.jsp?e=001ZsPIwUJX5myadWTNmLM40p3105ZmijvDiFaRrGk2pLk2d7djclcxFOoYDH4jnPL3eJxE31ln2mNnnAw0ngR6ZVSqyK469UA-NXaqmgNx4nv60si8YmjXb7hVgXOoXYQ1Vue1Rk486lymQk0v4CSfkA==”]CLICK HERE[/ez_btn] and fill out this simple application.
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