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Categories: Brett's Mortgage Blog

Here’s A New 3% Down Loan Product…

Good Morning!

The conventional mortgage market has brought back their 3% down loan.Here are some of the features you need to be aware of on this 3% down loan product…

1)  Must be able to get an automated approval.
2)  You need a 720 (or better) middle credit score.
3)  Your debt to income ratio can’t exceed 41%.
4)  Max seller contribution towards closing costs is 3%.
5)  No up front MI, but you will have monthly MI.
Let me know if you are interested in this product for your upcoming purchase – and we’ll see if you qualify for it!

Thanks for reading!  …and, have a great day!

Brett

Brett Sampson

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