97% Financing

Fannie 97 Image

PRMI is offering 97% LTV/CLTV financing to help home buyers who would otherwise qualify for a mortgage but may not have the resources for a larger down payment.

 

  • Must be a first time home buyer
  • 97% LTV conventional purchase or refinance
  • Low down payment as little as 3%. Can be funded from buyers own savings, a gift or grant
  • Various PMI plans available that drops off when the LTV ratio is paid down to 78% LTV
  • Options available with NO income limits
  • Options available that offer NO first time buyer education
  • Single family primary residences only (including eligible condo’s and PUDS)
  • Purchase or rate and term refinances
  • Fixed rate mortgages only
  • Offers a 30-year fixed rate term
  • Credit scores down to 620

Equal Housing Lender
PRMI NMLS: 3094. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Florida Office of Financial Regulation MLD646.
Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Bureau of Financial Institutions: MC-2248 Broker MC-2248 NMLS # 3094. NMLS Consumer Access.
“Licensed by the New Hampshire Banking Department” 10706-MB. Branch Phone: 603-718-3184

Eric LaFleur MLO165839
NMLS #996610