For once, that shiny 720+ credit score can help with something
That’s right, eligible Utah borrowers can purchase a home with only 1% down payment. Even better, the lender will contribute 2% (up to $5,000) to boost your equity to 3% at the closing table.
Bid your landlord farewell, and welcome that new puppy into your family!
This loan program is essentially Fannie Mae’s Conventional Home Ready with 3% down payment, topped with some extra help from the lender.
If your credit is not quite there, no worries. Contact me for a free, no obligation credit analysis. You can provide your own credit report from www.annualcreditreport.com to avoid a hard mortgage inquiry, or use my secure online application and allow me to pull credit.
You can also email me at firstname.lastname@example.org for a quick rate quote, and to get answers to your mortgage questions.
Next time you think about moving, keep in mind that the first month’s rent and the security deposit add up to a down payment on your very own home.
This is the time to take action. The 1% down payment loan is a rare and valuable opportunity to take advantage of.