California Mortgage News

MGM Mortgage 1% Down Program

April 26th, 2017 12:19 PM by George Coronado

MGM Mortgage 1% Down Program.This program can make you a homeowner today!

 

Program Requirements

·         2%  Lender Paid Contribution

·         Primary Purchase Only

·         700 Min FICO

·         43% DTI Cap

·         Borrowers 1% can be a gift

·         Must meet Home Possible Advantage requirements (LP)

·         Area Medium Limits must be meet

 

Posted by George Coronado on April 26th, 2017 12:19 PM