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Brett's Mortgage Blog

Here’s A Little Used 3% Down Loan Program…

I wanted to highlight an underused program in the mortgage market. …It’s Freddie Mac’s Home Possible.

Here are some highlights of this great program…

– 97% financing!

– Only .25% mortgage insurance rate! …compare to .85% for FHA and over 1% for 95% Conventional.

– No reserves required.

– Allows 3% seller contribution.

– There are income limits unless you purchase a property in an “underserved area”.

If you want a low down and very low mortgage insurance program this is a great one! Give me a call or shoot me an email to see if you qualify.

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

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Brett Sampson

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