Dave Duke, Mortgage Consultant (Click on picture to go to my business page.)
Showing posts with label low down payment options. Show all posts
Showing posts with label low down payment options. Show all posts

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.