conventional home loans

features and details

conventional home loans

features and details
Conventional loan programs allow for primary, second home, and investment properties.

Features and Details

  • Fixed and adjustable rates available
  • Loan limit of $647,200 on FNMA high balance, if applicable
  • Seller contributions are:
    • 3% with more than 90% loan to value
    • 6% with 75-90% loan to value
    • 9% with less than 75% loan to value on primary and secondary homes.
    • 2% maximum on investment with any loan to value
  • Minimum credit score of 620
  • Programs allow for multiple financed properties
  • Low down payment options available
  • Ability to waive escrow of taxes and insurance
  • Gift funds allowable
  • Second position mortgages available to avoid mortgage insurance
  • Program subject to change without notice

Equal Housing Opportunity logoAll loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Other restrictions apply.

Goldwater Bank, N.A. - Mortgage Division | Corporate NMLS# 452955 | Equal Housing Opportunity

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