Notes and Opinions from one of Arizona's Most Trusted Loan Teams

March 5th, 2010 2:02 PM

We were very pleased to obtain a rare approval to do conventional loans with only 5% down. Most companies are not allowed to participate in this program.

The program requires mortgage insurance, but unlike FHA, this mortgage insurance will go away when the loan pays down or the property value rises. This is an advantage. Additionally, these loans are available up to $417,000. That loan amount exceeds what FHA is able to do anywhere in Arizona.

Good credit and income are required. Feel free to talk with either of us if you have questions. We can also prequalify you for this program before you commit to buying a new home.

The program is also available for rate and term refinances.

Posted by Jon Laird on March 5th, 2010 2:02 PMPost a Comment (0)
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