Real estate blog entries tagged with gifts and grants as a down payment by Venture Development Inc NMLS #373115

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Home : Blogs : Patti Mazzara NMLS #333279 : Twin Cities Mortgage And Real Estate News : Tag "gifts and grants as a down payment"

gifts and grants as a down payment: MGIC Has A New Program - 03/09/11 10:40 PM

Gifts and Grants can be considered towards borrowers funds on certain 3% down conventional loans Yes, you read that right. I just got an email today from a leading mortgage insurance company that is willing to underwrite this loan. You will need at 740 or better score. But, what an opportunity. In many ways, this is like FHA, but with a little higher credit threshold. The KEY difference, besides credit score, is the lack of an upfront MI (mortgage insurance) premium and as well as a smaller required monthly premium. This product could be a game changer for the MI company and conventional … (2 comments)

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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115

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