Conventional

GENERAL REQUIREMENTS

  • Down Payment: 3% for FTHB and 5% for non-FTHB
  • Credit Score: 620+ FICO
  • Mtg. Insurance: Yes (Until 20% equity)
  • Seller Credit: 3%
Ideal For: 720+ FICOs, Condos, Co-Signers, and Move-Up Buyers

MORE FEATURES

  • Primary residence, vacation homes, and investment properties allowed
  • Gift funds allowed for closing costs & down payment
  • Non-occupant Co-signers allowed
  • More affordable mortgage insurance