Conventional 3% Down

Are you ready to become a homeowner but worried about saving for a large down payment? The Fannie Mae Conventional 97% Financing program is designed with first-time homebuyers in mind. It’s perfect for those looking to purchase their first home with a low down payment while still enjoying the benefits of a conventional loan, including competitive interest rates and flexible terms.

This loan program offers simple and achievable guidelines to help you qualify. You can purchase a single-family home, condominium, or PUD as your primary residence. A minimum credit score of 620 is required, and at least one borrower must be a first-time homebuyer. Steady employment and income are key, but the program is flexible enough to accommodate various types of employment situations. Plus, the loan must be for an owner-occupied property, ensuring that it’s your primary residence.

Ready to dive deeper into how this program can make homeownership a reality? Watch our short video below to learn more or click the button to book a free meeting with us. Let’s explore your options and find the best path to your dream home today!