Conventional Loan with No MI - The Gold Standard
Not all conventional loans require 20% down. If you are struggling to meet that requirement you can qualify for a conventional loan with as little as 3% down. Fannie Mae HomeReady and Freddie Mac Home Possible are to fantastic loan options for first time home buyers with limited income.
- Wide range of down payments
- Lower overall costs for large down payments
- No mortgage insurance for loans with a 20% down payment or more
- Access to more property types