SOME KEY POINTS OF THIS LOAN PROGRAM ARE:
- 20% Down payment traditionally, but will also allow for as little at 3%, 5% or 10% as well
- Less that 20 percent down will require mortgage insurance
- Special conventional program up to 97% Loan to Value with NO Mortgage Insurance for borrowers with higher credit scores
- Historically low interest rates
- Maximum Loan Amount in Florida $510,400
- Available for Purchase/Refinance/Cash-out