1% Down Loans: Skip the Coffee, Buy a House

1% Down Loans: Skip the Coffee, Buy a House

One year’s worth of lattes could get you into your dream house.

Can you skip the coffee for a year?  Your morning cafe latte venti can cost over $4.00, even more if you need a little something to go with it.  Did you ever think about what you could do with that money if you brewed a cup at home?  Bet you never imagined it could wind up being your down payment on a house.  And with a loan that requires only 1% down, that latte money could mean the difference between staying in an apartment and getting your own place.

ASK US ABOUT 1% DOWN LOANS!

It’s a conventional mortgage loan with an equity boost:

  • You put down 1%, your lender contributes 2% to your down payment, giving you 3% equity at closing
  • Great low rates
  • Close in 30 days or less
  • Available with no monthly mortgage insurance
  • Great option for first time home buyer loans

Do I qualify?

As with any loan program, there are qualifications to meet in order to be eligible. There are income requirements, which will vary by county, and a maximum debt-to-income ratio.   BMC Keystone will help you understand how your debt-to-income ratio is calculated and which sources of income and expenses should be included.  A minimum FICO score of 700 is required.   If you don’t have your current credit scores, we can access them for you.  If your credit is not strong enough to get you the best rates, we can advise you on how to start improving it in order to take advantage of programs like this one.

For more information about 1% down loans and other loan options for Pennsylvania, please contact BMC Home Mortgage in Glenside PA.  Take advantage of our no-cost, no-obligations consultation to review your financing plans, your credit history and today’s great rates.

Free Consultation

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BMC Keystone Home Mortgage

508 N Tyson Avenue
Glenside, PA 19038
(215) 885-4828

NMLS# 122121

Verify us here:
www.NMLSConsumerAccess.org

Contact Us

Terri Sirianni
NMLS# 128084
Phone: (215) 885-4828
Fax: (215) 885-6708
byweekly@aol.com

Franco D’Angelo
NMLS# 132805
Phone: (610) 633-7352
Fax: (215) 885-6708
frdangelo@comcast.net

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