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FHA AT 0.5% Down

 

We are proud to introduce an FHA program with the absolutely lowest

down payment available in the market!

 

General Guidelines

 

99.5% CLTV to $729,750*

$102,360* max income

580 min FICO score

No FICO score OK

First Time Home Buyers OK

Gift Funds for down payment OK

43% - 48.99% max DTI

3% 2nd - 8.25% 15 Year Fixed

 

 

Compare the Difference

 

Sales Price

$250,000

$250,000

% Down Pmt

3.50%

0.5%

Down Pmt

$8,750

$1,750

Loan Amount

$343,660**

$343,660**

Rate

3.50%***

4.00%***

APR

5.492%***

5.973%***

 

 

 

First Loan P&I

$1,543

$1,640

$10,500 2nd

$0

$101

MIP

$351

$351

Taxes

$364

$364

Hazard Ins.

$60

$60

Total payment

$2,318

$2,516

         *     Counties with highest limits, others vary

         **   Reflects 1.75% Up Front MIP added

         ***  Rates subject to change