Available Financing

Available Financing

Shown below are two financing options available from a lender in the Greater Baltimore region.

Conforming Fixed Rate 97% Conventional

Program highlights are as follows:

 Owner-occupied primary residence only.

 Minimum 720 FICO score

 3% down payment must come from the borrower's own funds.

 1 unit single family residences (attached and detached) and PUDs (attached and detached).

 Purchase and Rate/Term Transactions

 Maximum DTI 41%.

 No Upfront MIP / Ann ual MIP rate of 0.88%!

FHA Fixed Rate 96.5%

Program highlights are as follows:

 Owner-occupied primary residence only.

 Minimum 640 FICO score

 3.5% down payment may be from borrower's own funds, bona fide gift, or settlement assistance program

 1 unit single family residences (attached and detached) and PUDs (attached and detached), and condominiums (must be approved)

 Purchase and Rate/Term Transactions

 Maximum DTI 43% (may allow higher DTI with compensating factors)

 Upfront MIP 1% / Ann ual MIP rate of 1.15%