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1% Down Conventional Mortgage

Happy Thursday – I hope you are doing well. For this week’s video I want to share a new loan program that allows buyers to put 1% down on a conventional loan and have no PMI. The rate will be higher on this loan program but when you consider there is no PMI the payments are similar. Please see below for details and call us if you would like to discuss.

  • Must make less than or equal to 80% of the area median income for the subject property – for most of Atlanta this means you need to make less than $82k

  • Minimum FICO® Score of 620

  • Minimum down payment of 1% required

  • Maximum loan amount of $350,000

Weekly Newsletter

Stewart Sadler

Managing Partner

Cornerstone Mortgage Group

Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938

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