Expanded Conventional Purchase Financing Here!
Although the 3% down payment Conventional Loan is being phased out as of November 17, 2013, several significant enhancements to the 5% down payment program have been added. First and foremost is the ability for the borrower to recieve 100% of the down payment and or closing costs using Gift Funds. No minimum investment utiizing borrowers own funds is required anymore. In addition, the cost of the Mortgage Insurance is less than one fourth than that of FHA Loans. And, with increased debt to income ratio’s, home affordability has never been better. Call John for more details….
