3% Down1 Home Loans Make Home Ownership Possible
Purchase your first home without a big hit to your wallet. Our 3% Down Mortgages ensure that your payments will remain the same for the full term of your loan. These loans are great for home buyers looking for a mortgage other than an FHA loan.
Competitive with FHA:
- No Up-Front Mortgage Insurance Premium (UFMMIP), compared to FHA loans 1.75%
- Lower down payment; 3% Down Payment1 vs. FHA loans at 3.5% Down
3% Down Home Loan features:
- Competitive interest rates
- $0 out of pocket options
- No negative amortization
- No balloon payment
- No pre-payment penalty
- Interest may be tax deductible (consult your tax advisor)
We are here to help you open your home loan or find the right option to fit your needs. Give us a call at (877) 495-1600 or apply online today.
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3% Down Home Loan Features
| 3% Down Home Loan1 | |
|---|---|
| Terms | 30-year Fixed |
| Down Payment | 3% Down |
| Maximum Loan Amount | $766,550 |
| Loan Transaction Type | Purchase, Owner Occupied, Single Family Residence |
| Closing Costs | Seller credit allowed. Lender credit available. |
| Special Requirements | Available to first-time homebuyers who have not owned a property in the past 3 years. |
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