NEW 3% Down Payment HomeOne Loan Program

Posted by Kim Jones-Zweig on Friday, March 1st, 2019 at 3:26pm.

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HomeOne mortgage is a new conventional 3% down payment option for qualified first-time home buyers. HomeOne mortgage serves borrowers without geographic or income restrictions.  The HomeOne mortgage will provide home buyers the flexibility they need to help buyers achieve the milestone of home ownership and overcome the common down payment resource hurdle.

Below are the highlights of the HomeOne Loan Program: 

  • Financing with just 3% down

  • Lower Mortgage Insurance requirements than standard rates

  • No Income Limits

  • Homeownership education course required for at least one borrower

  • Must be an owner-occupied property

  • Includes 1-unit single-family residences, condos and townhouses

  • Must be a purchase transaction or rate and term refinance (no cash out)

  • At least one borrower must be a first-time home buyer

  • Must be a fixed-rate mortgage

  • At least one borrower must have a usable credit score

The Home Ownership course is available at: http://www.freddiemac.com/creditsmart/tutorial.html

Please contact me for further information and to answer any questions.

 

Kim Jones-Zweig

Senior Mortgage Banker

Top Producer and

MBAG Platinum Award Member

Fidelity Bank Mortgage
304 Tribble Gap Road, Suite 200
Cumming, Georgia 30040
p: 678.468.4046 | f: 678.829.0612
e: kim.jones@lionbank.com
w: www.kimdjones.com

NMLS# 545217

 

 

 

 

 

 

 

 

Senior Mortgage Banker
Top Producer and
MBAG Platinum Award Member
Fidelity Bank Mortgage
304 Tribble Gap Road, Suite 200
Cumming, Georgia 30040
p: 678.468.4046 | f: 678.829.0612
e: kim.jones@lionbank.com
w: www.kimdjones.com

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