Highlights

• As low as 3% to 5% down payment (owner occupied)
• Minimum 620 credit score required
• Use for primary, vacation, or investment home
• Mortgage insurance not required (lender paid available)
• Can have multiple loans at once

Benefits

• Best option if you have 20% equity ( or down payment)
• Best option if you have credit scores above 680
• Best option if you are buying an investment property to hold
• Adjustable rate mortgage hybrids fixed for 5,7 or 10 years
• Fixed rate can be adjusted to any term under 30 years