1% Down

BERKSHIRE LENDING] IS EXCITED TO OFFER THE CONVENTIONAL 1% DOWN WITH EQUITY boost loan program. You put down 1%, your lender contributes 2%*, giving you 3% equity at closing. Great low rates. Close in 30 days or less. Conventional 30-year fixed program.

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 · The 1% Home Loan program refers to “credit worthy” as a borrower that has a minimum credit score of 680 (versus the 620 minimum with the 3% down HomeReady program). Click here to apply for the 1% Down Home Loan. In order to be “credit worthy”, the borrower must meet the conventional post bankruptcy (4 year wait),

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Quicken Loans 1% Down Payment Option. Secondly, the property must be a one-unit owner-occupied property, which includes single-family homes and condos (and townhomes), but not co-ops. When it comes to credit, the minimum FICO score required is 680, which is considered average (or perhaps a bit below average).

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 · The Conventional 1% down mortgage uses either the Freddie Mac HomePossible Advantage loan or Fannie Mae’s HomeReady loan, with additional qualifying criteria, that only requires a buyer contribute 1% down payment and then they receive a 2% grant (grant capped at.

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You put 1% down and the lender will contribute 2%, giving you a total of 3% instant equity. Contact 5280 Financial Group, Inc. for more info on 1% down.

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