Expanded Conventional Loan Eligibility!
With the continually improving economy and housing market, Conventional Loans with a minimum down payment of 3% are now available to those who have a Credit Score of 640 or better. To put this in perspective, several years ago, the minimum down payment on a Conventional Loan was 10% and required a credit score of at least 720 or better. With such a signficant improvement in the availability of home financing coupled with reduced home values and interest rates, now is the best time in years to purchase a new home.
