Conventional Mortgage Loan
Mortgage Amounts Per County
Down PaymentMinimum down payment for an owner-occupied residence (first time homebuyer) 3%
Minimum down payment for an owner-occupied residence (NON-first time homebuyer) 5%
10% for second home.
15% for investment home.
Private Mortgage Insurance (PMI)Required on any home where down payment is less than 20% with options to avoid a monthly premiums with less than 20% down
Seller Contributions3% maximum on LTV of > 90.01%
6% maximum on LTV 90% LTV or less
May add usual and customary on top