Dave Duke, Mortgage Consultant (Click on picture to go to my business page.)

Friday, February 4, 2011

High credit score, but lower down payment?

Conventional Loan with 3% Down Payment Option
For home buyers who have high credit scores but need a low down payment loan option, Axiom Financial offers a conventional mortgage program with a 3% down payment. Check out this link for more information.
http://www.axiomfinancial.com/new-low-down-on-conventional-loan.htm

For a long time, lenders have only had the option of FHA for a "low down payment option." As of now, Axiom has a low down payment option for those who don't want an FHA loan to purchase. Unlike FHA, when 20% equity is reached, the monthly mortgage insurance payment goes away (FHA requires you to pay for at least 5 years, even if you have a large lump sum that drops you down to under 80%). There is even an option for SELLER PAID mortgage insurance if you qualify.

Give me a call and we'll discuss if this option is right for you.

No comments:

Post a Comment