We have found that consumers tend to associate the world financial downswings with a downswing in mortgage availability. Very often is has the opposite effect. Here are a few quick mortgage products to take note of:
- With a good credit history (min 700 Credit Score) you can finance up to $417,000 with as little as 3.5% down.
- With a reasonably favorable credit history (min 660 credit score) you can finance up to $417,000 with only a 5% down payment (3% borrower contribution, remainder can be gifted
- You can finance up to $800,000 with as little as 15% Down Payment (all from gift) and pay no mortgage insurance
- 5/1 Jumbo Arms are available with interest rates under 4%