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%
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