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