– Residential Properties 1-4 Units
– Primary Residences, Second Homes, and Investment Properties
– Single Family, Multifamily (2-4 Units), and Condominiums
Residential Mortgage
A conventional or traditional mortgage loan is designed for borrowers looking to finance residential properties with 1-4 units. Borrowers are required to have good credit history and usually requires a 20% down payment. It is possible to obtain a conventional residential mortgage with a down payment as low as 3% when the borrower agrees to pay private mortgage insurance.
Types of Properties
Program Details
- Minimum Down Payment: 3%
- Maximum Debt to Income Ratio: 43%
Loan Amount Limit: $726,200 (varies with type of property, state, and county)
Three aspects to consider for your loan.
01.
Requirements
Must have established credit history and verifiable income reported in the USA.
02.
Who Can Apply?
Domestic Clients: USA Citizens, Green Card holders, Political Asylum holders, TPS, DACAS, L1, E1, E2.
03.
What Interest Rates apply?
Rates are subject to market change and depend on the borrower’s profile and loan parameters such as loan amount, loan program, and type of property
01.
Select the loan amount and repayment period
02.
Telephone verification of the application
03.
Withdrawal of funds to your bank account
Contact us
Apply Now or Get pre-approved now
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