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

Eric LaFleur MLO165839 • Company NMLS #1936