Did you know there is a 3% down Conventional loan for first time home buyers?
Here are some of the important features of this product…
1) Owner-occupied primary residence only.
2) Minimum 620 FICO score.
3) 3% down payment can be a gift.
4) 1-unit attached and detached single family residence, attached and detached PUDs.
5) Purchase and rate/term transactions.
6) No up front MI (like you would have on FHA).
9) Loan amounts up to conforming limits ($647,200 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 us and we can help you with this.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
If you are thinking about buying a house, but you aren’t really sure if it’s…
Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…
Your property tax bill usually comes out in late November, or early December. There are…
If you want to acquire rental properties, but you are having issues proving your income…
If you receive money from the State or a County sponsored organization for providing foster…
FHA gift questions come up often. I wanted to give you the rules on FHA…
