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3% DOWN PMT Program:

Lowest down payment in the industry

Conventional

Lowest down payment option, the 3% DOWN PMT Program has become the solution to buyers with low credit and limited funds for closing...

 

The 3% DOWN PMT Program enables buyers more cash available after closing compared to traditional conventional home loans. The total amount of down payment required is 3% of the purchase price.

The 3% DOWN PMT Program features:

- Great low rates.
- Closings of 30 days or less.
- Available with no monthly Mortgage Insurance.
- 97% LTV - 3% equity for your borrower.
- FICO score of 620.
- Interested party contribution of 3%. 
- Max DTI will now be set by Automated Underwriting findings.

The 3% DOWN PMT Program requires borrowers to verify their eligibility based on the property which will be purchased.

Lenders must determine borrower/loan eligibility in accordance with Selling Guide policy. In the event of any conflict with this document, the Selling Guide and/or DU findings will govern.

Do not wait any longer and find out how much you can get Pre-Approved for.

If you are looking for a low down payment home loan program, Clear Lending can help you with The 3% Down Payment Program. Simply complete our secure and encrypted  Pre-Approval Form  online and we will contact you right away to review best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.


Customers Reviews:

  • Alicia D • July 20, 2019

    FROM GOOGLE: AWESOME! Clear Lending knows what they are talking about when it comes to the buying and selling of Homes. They will go out of their way to make their clients feel secure in the handling of the biggest transaction of their lives. I highly recommend them! BIG shout to Edgar, Joan and Patricia…so friendly, helpful and professional. THANK YOU SO MUCH Y’ALL!

  • Nicole Elizabeth • June 05, 2015

    Joan was amazing! After being let down by Chase mortgage company, Joan and his team picked up the pieces and helped me out tremendously! I would recommend going through him for loans instead of a big commercial bank. No matter what time of day; he would answer any questions or reached out to me about any concerns. He is with you and the realtor every step of the way to help get you a home. Very passionate about helping clients get a home! I would like to thank Joan and his team for helping me get my first home! Y'all made the home buying process easy for me! Thank you again. I love my home.

  • Oscar y Yecenia Rangel • January 31, 2014

    Estimado JOAN:

    Por medio de la presente, queremos enfatizar nuestro agradecimiento por tu trabajo, colaboración, profesionalismo y dedicación a nuestra petición de crédito para la compra de nuestra casa, créelo y lo enfatizo que estamos tan agradecidos por tu ayuda. Que dios te llene de bendiciones siempre, y que sigas ayudando a las personas como nosotros, mil gracias.

    Atte. Oscar y Yecenia Rangel.

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