Compare Listings

A conventional loan that doesn’t require 20% down? (No, really) | Home & Living | pilotonline.com

LIVE WELL - BUY RODWELL
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •   
  •   
  •   
  •   
  •   
  •   
  •   
  •  
  •  
    1
    Share

Not so fast. There is another, lesser-known loan program called the HomeReady mortgage from Fannie Mae. With the HomeReady mortgage, you can use as little as 3 percent for the down payment. The 3 percent option is also lower than a typical FHA loan, which requires a 3.5 percent down payment. In addition, the mortgage insurance may be canceled when the homeowner reaches 20 percent equity in the property. The benefit could leave you with a lower monthly payment in the future.

Source: A conventional loan that doesn’t require 20% down? (No, really) | Home & Living | pilotonline.com

  •  
    1
    Share
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •   
  •  
  •  
  •  
  •  
img

Rodwell Smith

Ever since I can remember, I was always fascinated with my Dad’s and Grandfather’s proficiency very fervently. They could start with a bare piece of land and create a structure for a most appreciative owner to live a better life. RodwellBuildingServices is the career achievement I'm most proud of now. Especially since it started from full utilization of my know-how, every bit of skills and technical capabilities. My life has come full circle to my fathers' as I start with any under improved property and make it into your dream. My niche in the real estate industry is constructed-to-order real estate transactions are my life of services and daily adventures in and around the capital of the free world. RodwellBuildingServices™ benefits keenly customized property sellers, buyers, and users in Washington, DC and up to 50 miles around Maryland and Northern Virginia. We speak to our customers as a Property Improvement and Modernization Builder/Realtor expert. If we haven't provided you with “the real services and the right property for your order,” at any time up to 5 years - we will sell it back from you and help you with a more custom fit.

Related posts

10 Steps to Buying Your Own Home

Step 1: You are doing it. You are reading this post from RodwellBuildingServices.com. So if...

Continue reading
Rodwell Smith
by Rodwell Smith

What Does Mortgage Pre-Approval Mean? An Advantage Buying a Home | realtor.com®

So you are looking online at all those lovely houses and you see all those homes you could...

Continue reading
Rodwell Smith
by Rodwell Smith

Mortgage rates plummet below 4% again – Freddie Mac

For the first time since January 2018, the 30-year fixed-rate mortgage rate plummeted below...

Continue reading
Rodwell Smith
by Rodwell Smith
%d bloggers like this: