• Search for your dream home

    Our tools can help you find the house you've been looking for and our team will help with lending options.

    Find a Home
  • A fresh approach to residential mortgage lending.

    We utilize only the most recent technology and best possible practices to ensure your time working with us is as efficient as possible.

    Get Started
  • Getting your mortgage loan just got easier

    We do all the work so you don't have to.

    Contact Us
  • Your perfect home is only a few clicks away

    Secure the home loan you need now. Use our convenient online loan application.

    Apply Now

First time homebuyer-3% Down, NO MI!!

Posted on December 28, 2012 by Ray Williams (NMLS #216267).

Finally something to reward those who have good credit, all of you out there that have worked at maintaining or worked to get good credit.

CHFA has a new loan program called the “CHFA Advantage” and an advantage it is!  It is an 30 year fixed loan with no mortgage insurance (MI) and only 3% down payment required.

To qualify you need to be a first time homebuyer or non-first time homebuyer purchasing in a targeted area, Eligible veteran, CHFA-approved homebuyer education class required, Mid credit score of 700, $1000 minimum purchase contribution, income and purchase price limits (targeted areas have different income and purchase price limits).  To see more info please see the link above.

If you have any questions and would like to know if you qualify, please give me a call.  This is a great opportunity!

Cheers~

Ray Williams

Branch Manager

Summit Mortgage Corporation

303-779-0591 ext. 101

rwilliams@summit-mortgage.com

Leave a Reply

Your email address will not be published. Required fields are marked *