97% LTV - Purchase a Home with 3% Down Payment WITH NO PMI

Mortgage and Lending with E Mortgage Management NMLS ID # 214834

As you may or may not be aware, Fannie Mae and Freddie Mac recently decreased their down payment requirements on a home purchase from 5% to 3%. This rule change affects all Conventional Loans.

Now, all Conventional loans submitted to Fannie or Freddie only require a minimum 3% down payment. You can still obtain an FHA loan with a 3.5% down payment; however, the monthly MIP (Mortgage Insurance Premium) on an FHA loan is very expensive and can have a significant impact on your overall monthly payment and the purchase price of your home. In addition, the MIP on an FHA loan will never come off unless you refinance into a conventional loan, payoff the mortgage or sell the home.

We are pleased to be able to offer our clients a fantastic alternative to FHA Financing. We have a loan program that allows borrowers to put as little as 3% Down Payment WITH NO PMI!  This is a program that many of our lenders are offering and comes with Very Competitive Interest Rates. This loan requires a 620 Fico Score for All Borrowers

At E Mortgage Management, we are always looking for ways to help our clients with the best possible loans at the best possible terms in order to achieve their dreams of home ownership.

Jason Hands is a Mortgage Loan Originator at E Mortgage Management in Tampa, Florida who has over 16 years of lending experience. He has been successful in helping thousands of his clients with their financing needs. He believes that accessibility and communication are the most important areas to be concerned with and he can be reached day, night or on weekends to answer any questions you may have.

Please click on my personal website for more information http://www.mortgagestampa.org or contact me @ 813-517-0799 for more information or to assist you in getting started on your home purchase.

Jason R Hands
E Mortgage Management 
13053 W Linebaugh Avenue, Suite 102
Tampa, FL 33626
813-517-0799 - Direct
813-385-1109 - Mobile
813-377-2905 - Fax

NMLS Originator ID: 214834 FL # LO562


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Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Are you licensed in TN?  Sounds like a great mortgage alternative.

Nov 09, 2015 09:39 PM #1
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

What are the interest rates and other terms?

Nov 10, 2015 07:18 AM #2
Jason Hands
E Mortgage Management - Tampa, FL
Purchase Specialist - www.jasonhands.emmloans.com

Rose im only licensed in Florida but my company may be licensed in TN, I will look today since EMM is licensed in 32 states..This is also a Fannie Mae loan so this is not an ALT A product this is a conventional - prime mortgage which offers a max DTI of 45.00% with LPMI or Borrwer Paid PMI..  Also the rates are based off of the fico score of the buyer and are very similiar to rates on the 95% LTV 30 year fixed moretgage

Nov 10, 2015 08:01 PM #3
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Jason Hands

Purchase Specialist - www.jasonhands.emmloans.com
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