Mortgage Loan Update
Earlier this week, one of our preferred lenders let us know that the mortgage insurance companies are getting more aggressive, and as a result, they can now offer:
- Conventional loans, 3% down, with a credit score as low as 620
- Conventional loans, 5% down, with all of the down payment & closing costs gifted
- Conventional loans, 5% down, with no PMI paid by the borrower
As with any loan, rates and terms depend greatly on your credit score! So, if you are ready to purchase a home and think you might benefit from one of these loan products, give us a call and we’ll connect you with one of our preferred lenders so you can see where you stand and, hopefully, get pre-approved for the loan you need.