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Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan. - Maximum loan-to-value is 97.75%.
- Required borrower funds of 3% for down payment and closing costs can come from gift, grant, borrower funds or other sources.
- Approve second mortgage programs can be used to finance closing costs.
- Seller can contribute up to 6% of closing costs.
- Upfront mortgage insurance premium can be financed.
- Maximum mortgage amounts apply.
- Flexible credit standards.
- Available on 1-4 unit properties.
For more information contact Mortgage Services at 1-800-387-5773.
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