Conventional 1%* Down with Equity Boost
- 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
- Available with no monthly Mortgage Insurance
**2% lender contribution up to $5,000. Borrower brings in difference for 3% down. May only be applied to down payment.
*Borrower contributes 1% down, lender contributes 2% of the loan amount up to $5000 for the down payment and the borrower is responsible for any difference to get to the required 3% down. The principal and interest payment on a $200,000 30-year Fixed-Rate Loan at 4.375% and 97% loan-to-value (LTV) is $998.57 with 0 points due at closing. The Annual Percentage Rate (APR) is 4.613%. The principal and interest payment does not include property taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 7/31/2017.