3% Down Conventional Mortgage

Looking to purchase a home with a low down payment? Consider the 3% Down Conventional Mortgage program, which includes options like Home Ready and Home Possible Mortgages. These programs offer a great opportunity for homebuyers to secure financing with a minimal down payment.

Conventional loans are ideal for borrowers with excellent credit and at least 3% down payment for Home Ready (Fannie Mae) or Home Possible (Freddie mac) or 5% down  for all other conventional loans.

The 3% down Conventional Loans, Home Ready (Fannie Mae) or Home Possible (Freddie mac) are subject to income guidelines (80% of the Area Median Income Limits per zip code). They have lower mortgage insurance (MI) premiums than a standard conventional loan product and have slightly better pricing on the loans as well.

Ogden Mortgage Loans offers all different conventional loans throughout the state of Utah.

Ready to take the next step towards homeownership? Contact us at California Mortgage Financing for more information. Call us at 951-208-7777 or email us at Team@CaliforniaMortgageFinancing.com . Start your mortgage application online at /ben/applications/dashboard?ln=en&app_type=full.