Conforming Loans with No Down Payment
- Loan Amount up to FNMA Limits
- Minimum Credit Score 640
- Primary Residency
- First Time Home Buyer
- No Reserves Required
- Warrantable Condos
This product offers more buying power to homeowners when shopping for a new home.
Starting with 0% down payment they can obtain a new mortgage, however mortgage insurance will be required.
This applies only for Condominium Unit Mortgages and condominium projects that are meet to be sold to Freddie Mac or Fannie Mae.
Using our criteria for condominium projects, you can quickly determine if this financing will be available at your condominium project and identify the eligibility requirements and warranties you must have.