Good Morning!
It's been several years since I could say this...
...but I can now get you a 97% loan with absolutely no mortgage insurance!
You need a 720 to get it, but it's a very smart way to go if you can qualify for it.
We simply use our new 2nd mortgage that goes up to a combined loan to value ratio of 97%.
So, you have a first at 80%.
Then, you have a 2nd mortgage at 17%. You put down 3%.
We make both loans for you at closing.
Here's a chart to illustrate why it's a smart way to go...
Loan program 97% CLTV 80/17 Piggy 97% One Loan 96.5% FHA
P&I Payment $611 $741 $737
MI Payment
$106 $138
2nd Mtg. Payment $205
Total P&I Plus MI or 2nd $816 $847 $875
To get a special limited time offer coupon (1% cash back) I'm offering - please click this link and enter this special code...
9934
You can print the coupon off and submit it with your application to get your cash at closing!
I hope you have a great day! Thanks for reading!
Brett
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