Is a big down payment keeping you from owning your dream home? Or, do you want a low down payment without hassling with FHA red tape? A HomeReady/Home Possible conventional 3% down mortgage is the loan option for you.
Find out more in this video:
Let’s reiterate: Why may a conventional 3% down loan be a good choice for you? Because a conventional 3% down loan:
- Enables you to make a down payment as low as 3% (even for first-time homebuyers).
- Reduces or even eliminates your monthly mortgage insurance. Something that’s just not possible with an FHA loan.
- Lowers your monthly mortgage payment – even lower than an FHA loan.
- Has fewer restrictions.
- Allows you to use gift funds for your entire down payment.
- Offers more flexible appraisals.
- Expedites the closing processing.
- Enables you to refinance your current mortgage with as little as 5% equity (regardless of your current mortgage program).
Don’t let a big down payment keep you from owning your dream home.
Contact the mortgage experts at Grandview Lending, a family-owned and operated residential home lender in Indianapolis, to learn more about the conventional 3% down loan today. We can answer your questions, and we’ll partner with you to help walk you through the mortgage process maze. At Grandview Lending, your satisfaction is our commitment!
Photo credit: 123RF / feverpitched
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