Here are there benefits of this special, conventional Low Down Payment Loans.
This special program is only available thru select lenders and FAIRWAY is one of them. Even more exclusively, some buyers may even qualify for valuable First Time Home Buyer Tax Credits, and even fewer lenders offer this money saving value.
If you are looking for this special, low, 3% down payment conventional mortgage, make sure you are working with a direct lender that offers this product AND the Tax Credit.
You can find some information here... http://www.phfa.org/consumers/homebuyers/where.aspx?id=buyers
The program benefits are:
1. Conventional financing with only 3% down. (the norm is 5% down payment)
2. Low or no PMI in the monthly payment
3. More flexible with credit compared to regular conventional
4. 3% seller assist is allowed.
5. You may qualify for valuable first time home buyer tax credits
6. Do not have to be a first time home buyer
7. Typically more effective than FHA and offers lower payments.
This is only one of the several low and no down payment loans available. We like to highlight this program as many lenders do not offer it.
Would you like more information on low down payment loans?
Call FAIRWAY Independent Mortgage Corp in Lancaster at 717-431-9299. email at kenp@fairwaymc.com or apply online at at www.FairwayPA.com
Ken Pederson
801 Estelle Drive
Lancaster, PA 17601
NMLS: 134943
Equal Housing Lender
Licensed as Mortgage Banker by the PA Dept of Banking.
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