low down payment no mortgage insurance: The New 3% Down Conventional Loan Program With No PMI For Buyers
- 04/13/13 04:43 AM
There is a terrific new purchase program now available for buyers! It is a conventional loan option that only requires a 3% down payment and has NO monthly mortgage insurance "PMI". Too many buyers today assume they have to take FHA financing with its really expensive monthly mortgage insurance if they only have a limited down payment of around 3.5%, instead buyers can now purchase a home with only 3% down, with no monthly PMI, and get a low 30 year fixed rate! Here is what you need to know to qualify for this program.
Another positive sign for the Housing market It … (5 comments)
There is a terrific new purchase program now available for buyers! It is a conventional loan option that only requires a 3% down payment and has NO monthly mortgage insurance "PMI". Too many buyers today assume they have to take FHA financing with its really expensive monthly mortgage insurance if they only have a limited down payment of around 3.5%, instead buyers can now purchase a home with only 3% down, with no monthly PMI, and get a low 30 year fixed rate! Here is what you need to know to qualify for this program.
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