by David Steinbrugge
But FHA requires 3.5% down David? Yes – but with this program the lender will finance the 3.5% down as a 2nd mortgage under their Downpayment Assistance Program (DAP). There are some caveats and conditions and. small print of course: No debt to income ratio max...
by David Steinbrugge
An Incredible Opportunity To Help With Home Affordability. It’s exciting when a loan product can help you can offer a Conventional 1% Down program – and we can! When income-qualified borrowers put 1% down, our lender pays an additional 2% toward the down...
by David Steinbrugge
Mortgage Insurance (often called MI or PMI) is insurance that protects the lender in case you default on your loan. It usually adds an extra cost to your monthly mortgage payment. PMI is Private Mortgage Insurance – mortgage insurance on conventional loans...
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