Category: Down Payment Assistance Loans

Contents Mortgage loan amount. amount Mortgage loan amount Conventional loan. Average household debt Frequently asked questions REI Down Payment Assistance Gift100 – The down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. amount of assistance is 0%, 3.5%, or 4.0% of […]

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Contents Pay monthly mortgage Monthly mortgage insurance Loans require mortgage insurance Lenient qualification standards. Conventional Mortgage Versus A High Ratio Mortgage – Example: $100,000 purchase price – if you are making a $20,000 down payment (or higher) then you are looking at a conventional mortgage. If you have to borrow more than 80% of the […]

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