Happy Thursday – I hope you are doing well. For this week’s video I want to share a new loan program that allows buyers to put 1% down on a conventional loan and have no PMI. The rate will be higher on this loan program but when you consider there is no PMI the payments are similar. Please see below for details and call us if you would like to discuss.
Must make less than or equal to 80% of the area median income for the subject property – for most of Atlanta this means you need to make less than $82k
Minimum FICO® Score of 620
Minimum down payment of 1% required
Maximum loan amount of $350,000
Weekly Newsletter
Stewart Sadler
Managing Partner
Cornerstone Mortgage Group
Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938
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