CALIFORNIA 1 PERCENT DOWN MORTGAGE LOAN PROGRAM

 

MOVE IN WITH JUST 1% DOWN

Introducing Conventional 1% Down with Equity Boost

 

Program highlights include:

  • Borrower(s) puts down 1% (can be a gift), lender contributes 2% toward down payment (no re-payment or monthly payment required), giving you 3% equity at closing
  • Priced out as a conventional 3% down loan, NO extra hits for only 1% down
  • Closing costs can be a gift as well
  • Max loan amount of $424,100
  • Owner Occupied 1 unit ONLY
  • PURCHASES ONLY
  • 700+ FICO
  • 43% Max DTI
  • Available with NO monthly mortgage insurance
  • Max income for borrower(s) in San Diego County $102,900, Orange County $94,080, Riverside County NO INCOME LIMITS, San Bernardino County NO INCOME LIMITS, Los Angeles County $94,080 (2016 figures, 2017 not out yet)  For ALL other California counties, click here
  • NO non occupying co-borrowers
  • NO late payments in the last 12 months on credit report
  • Can’t own ANY other properties
  • For more information visit 1PercentDownMortgageLoan.com

 

Make Home Ownership Even Easier with the Conventional 1% Down Mortgage Loan!