The 1.00% down payment home loan program that requires a 620 credit score and also must meet the county 80% income limits for each county in 50 states , the buyer has to do 1.00% down payment and the bank will cover the additional 2.00% up to $4,000 max so if your purchase price of 200,000 than you are covered if you go over the 200,000 you would need to cover the extra down payment money but you still get the 4,000 from the bank so the loan program .
Here is the link to check your AMI county Income limit in your STATE :https://ami-lookup-tool.fanniemae.com...
DANIEL PARIS
APPLY ONLINE AT https://utahlowrate-com.mwss.com/appl...
(801) 604-4949 MOBILE
(888) 880-3472 Direct Fax
Professional Mortgage Loan Specialist
Utah Low Rate
512 East Winchester 6400 South
Murray, UT 84107
[email protected]
NMLS# 243976 -3138