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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%. 
- Automated Underwriting findings will now set max DTI.

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

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

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

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 the 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:

  • Michael Estrada • Jule 31, 2017

    Joan with Clear Lending is direct, honest and very helpful. We were very lucky to have him. He is very easy to communicate with. He gives you a clear view of your loan situation and then he helps and guides you in each and every step. Ours was not an easy transaction but he was there guiding us the whole time. We got our loan but even if it didn't go our way, I would gladly use him again and very proudly recommend him to anyone.

  • Jim Bush • January 31, 2019

    FROM GOOGLE: I am a Disabled Veteran who found Clear Lending online. I worked with Joan and did everything over the internet without ever actually meeting him in person. This was a great expeiernce and he was wonderful and helped me with the whole process and answered any questions i had. This is an A++++ service place for loans for veterans. Would reccomend them to any veteran even with less than perfect credit. This people are awesome and Joan helped me with everything. I would suggest every veteran use him

  • Jeff Cokenour • October 19, 2018

    FROM GOOGLE: Joan was incredible and helped me get my VA jumbo loan to purchase my property. From finding the right property to walking me through every step of the loan and closing process, Joan provided superior service. I highly recommend him!!!

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