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.