Low Down Payment
Back bay Mortgage Brokers offer many low down payment and first time homebuyer programs including the following:
– FHA Mortgage : 3.5% Down payment
- 100% gift funds accepted
- Minimum 560 Credit score
– VA : $0 down payment for Veterans
– Fannie Mae My Community 3% Down payment
- 100% gift funds accepted
- First-time home buyers eligible up to 97% LTV
- Reduced mortgage insurance
– Freddie Mac Hommpossible 3% Down payment
- 100% gift funds accepted
- First-time home buyers eligible up to 97% LTV
- Reduced mortgage insurance
- No income limits for Undeserved Areas
- No reserve requirements for 1-unit properties
Please contact one of our mortgage experts for more details and information.