Conventional 3% Down Payment Option by Camino Real Mortgage Bankers

Posted on May 07, 2015 at 10:00 AM

According to consumer research, the primary barrier to homeownership for first-time home buyers is saving money for the down payment and closing costs.

Program Highlights:

  • Minimum 3% Down Payment
  • FICOs as low as 620
  • 3% down payment may be from gift funds
  • 1 unit principal residence - Condos ok
  • At least 1 borrower must be a *first time home buyers
  • No Income Limits, No counseling required
  • Fixed Rate program - "Expanded 97% LTV"

*A first time home buyer is defined as any buyer who has not owned a home in the past three (3) years.


Camino Real Mortgage Bankers Twitter