This Conventional Mortgage Loan type provides various options for financing properties with up to 97% LTVs (loan-to-values). Eligible amounts are dependent on the LTV as well as the borrower’s credit score and are available in fixed or adjustable rates.
ACMG offers up to 97% purchase financing for qualified teachers, public safety workers, healthcare workers, or military personnel that are first time homebuyers with credit scores as low as 620. Loan amounts of up to $417,000 are available on 1-4 Unit Properties, Condos and PUDs with 3% downpayment depending on the loan-to-value (LTV) of the property. Sellers are permitted to pay 3% – 9% of closing costs based on LTV.
Seller can pay 3% – 9% in closing costs (based on LTV)
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