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New Low Down on Conventional Loan

February 2nd, 2011

New Low Down on Conventional Loan

For home buyers who have high credit scores and need a low down payment loan option, Axiom Financial offers a conventional mortgage program with a 3% down payment and mortgage insurance flexibility.

  • Borrow up to 97% of the home’s purchase price
  • Loan Amounts up to $417,000*
  • Affordable Mortgage Insurance Options – no upfront premium
  • Monthly MI rates similar to that of FHA loans
  • Seller-paid Mortgage Insurance options available
  • MI drops when 20% equity is reached.**
  • Conventional underwriting guidelines

This long-awaited program is perfect for many homeowners with a limited down payment – exclusive to Axiom Financial. Contact yourAxiom Mortgage Consultant for more information.

* The lesser of appraised value or purchase price.**Subject to servicer requirements.  Some servicers may require up to two years of MI paid before waiving it.All services rendered by Axiom Financial are to assist in providing mortgage loans. OAC. Not an offer to lend. © 2011 Axiom Financial LLC.

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