Arizona 1% Down Conventional Loan Program
The Arizona 1% Down Conventional Loan Program is offered by United Wholesale Mortgage through it’s network of participating mortgage brokers who want to provide people with strong credit payment history more opportunities to enjoy the benefits of home ownership. This program helps overcome the lack of a down payment by providing a 2% equity boost. The Conventional 1% Down Program is different from many of the other AZ down payment assistance programs because the assistance doesn’t come in the form of a grant, bond or second mortgage. It is a 2% contribution directly from the lender for your down payment. Here is how it works: You put down 1%, the lender contributes 2%, giving you 3% equity at closing. Program Highlights:- 2% Equity Boost up to $8340 to use towards your down payment
- Conventional 30-year fixed program
- Great low rates
- Efficient loan processing helps you know you will close on time
- Available with no monthly mortgage insurance
- Qualify for a conventional loan program
- Minimum FICO score is 700
- Maximum DTI is 43%
IMPORTANT MORTGAGE DISCLOSURE
When inquiring about a loan on this site, this is not a loan application. This is not an offer to lend and we are not affiliated with your current mortgage servicer. Upon the completion of your inquiry, we will work hard to assist you with an official loan application and provide loan product eligibility requirements for your individual situation.
When applying for a loan, we commonly require you to provide a valid social security number and submit to a credit check. Consumers who do not have the minimum acceptable credit required are unlikely to be approved. Minimum credit ratings vary according to loan product. In the event that you do not qualify based on the required minimum credit rating, we may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee. Any loan product that we may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the loan product.
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Starboard Financial, 4145 E Baseline Rd, Gilbert, AZ 85234
NMLS ID #156931
© 2017 Starboard Financial is not a government agency and is not affiliated with HUD, FHA, VA, USDA, FNMA, FHLMC or GNMA.