95% LTV/CLTV to $1,000,000 Purchase Price
- 95% CLTV (80/15 Combo loans) Financing available to $1,000,000 a Purchase Price
- 95% LTV with mortgage insurance to $1,000,000 Purchase Price
- ARM and Fixed Rate pricing available
- Primary Residence Only - Single Family and Townhomes
Purchases up to $1,000,000 typically require six months liquid reserves and a strong credit score. Borrowers can avoid the extra cost of mortgage insurance by using Credit Union combo loan programs such as an 80% LTV 1st trust mortgage combined with a 15% LTV 2nd trust mortgage. Borrowers are able to avoid the cost of mortgage insurance if the 1st trust loan to value ratio is 80% or less of the property's value.
These programs are currently available in the following states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, Washington D.C.
If you would like to learn how to purchase a home with less money out of pocket using a 5% down payment program please complete the following request form to be contacted by a licensed loan officer who can help you and provide you with written estimates for closing costs and monthly payments.