May 24th, 2023 2:55 PM by Ken Morley
,For a limited time we have a new conventional purchase loan requiring just 1% down. Another 2% down is given as a down payment grant resulting in a full 3% down payment for your primary residence. Max income limit is 80% of the HUD median income of the area you wish to purchase in. For example, in the Denver Metro area the maximum annual income is $94,240.00. No monthly mortgage insurance is required resulting in a lower monthly payment. Maximum loan amount is $350,000.00 and the minimum middle credit score must be at 620 or above. In the Denver Metro area, putting just the 1% down, would max out the purchase price at $360,500.00, for your single-family home, town home, or condo. Interested in learning more? Give us a call at (303) 650-9400 today!