Conventional Loan Program: The Smart Way to Buy a Home #realestate #mortgagetips

🚪 Ready to buy a home? Explore the benefits of Conventional Loans! 🏡

✅ Credit Score: 620+
✅ Down Payment: Starting at just 5%
✅ Debt-to-Income: Up to 49%
✅ Closing Costs: 3%-5%

Key Points: 🔑 Mortgage Insurance: Remove it once you reach 20% equity (80% Loan-to-Value ratio)
🔑 Down Payment Requirements:

Primary Residence:

1 Unit = 5%

2 Units = 15%

3-4 Units = 20%

Investment Property:

1 Unit = 20%

2+ Units = 25%

Looking for the right home loan? Conventional loans offer flexibility with lower down payments and the potential to eliminate mortgage insurance. 💰📉

💬 DM us for more info and get started on your homeownership journey today!

#ConventionalLoans #HomeBuying #MortgageTips #DownPayment #Homeownership #RealEstate #InvestInYourFuture #MortgageInsurance

LJ
Your Local Guide to Homeownership!

127-03 Rockaway Blvd
South Ozone Park, NY 11420
(516) 218-1297

LJ Realty Team
Buy - Sell - Rent
Equal Housing Opportunity

LJ Mortgage Team Inc. NMLS# 2120286
Purchase & Refinance
NYS Registered Mortgage Broker, NYS Dept. of Financial Services.
Broker arranges mortgage loans with third-party providers.
MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. Licensed By The N.J. Department Of Banking And Insurance, Is A Mortgage Broker And Arranges Loans With Third-Party Providers.
We Do Not Make Any Mortgage Loan Commitments Or Fund Any Mortgage Loans.
NMLS ID # 2120286 www.nmlsconsumeraccess.org

Видео Conventional Loan Program: The Smart Way to Buy a Home #realestate #mortgagetips канала LJ Realty Team Inc