3% DOWN CONVENTIONAL

Published on Oct 12, 2021

Posted by Jonathan Caguioa at Oct. 12, 2021

Down payment as low as 3% even for first-time buyers Typically faster, easier and with a lower monthly payment than an FHA loan Reduce or even eliminate monthly mortgage insurance (not possible with an FHA loan) Gift funds can be used for entire down payment

Licensed by the California Department of Real Estate, 01137630, 250609.The principal and interest payment on a $200,000 30-year Fixed-Rate Loan at 2.75% and 97% loan-to-value (LTV) is $881.48. The Annual Percentage Rate (APR) is 3.200% with estimated finance charge of $5,600. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 9/29/2021. Subject to borrower approval.

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