While not new on the market the 80/20 home loan is becoming more popular to borrowers with superior credit but limited resources of down payment.
These loans are secured with an 80% fixed conventional loan and a 20% second loan that is non conforming with a 30 year fixed rate as well. The loan in itself will have no mortgage insurance. These loans will have very small reserve requirements and are strictly driven by credit scores. Contact us today for further details.
Our Real Estate Services are free of charge to the homebuyer. The seller of the property pays our fee and we represent your fiduciary interests in the entire transaction. Our Mortgage Services are at the best rates and fees in the area because of our one stop shopping concept. Call today at 817-690-9296 for more information.