The mortgage insurance companies will no longer insure Conventional mortgages with down payments less than 3% down as of April 1st. Should you get a pre approval letter from a lender stating 100% financing, please be careful!
Call the lender to ask if the approval still stands. This does not affect the VA mortgages with 0% down. VA mortgages are the only 100% financing product still available…..
Please don't hesitate to call me with any questions or concerns at (603) 447-1101.
Sincerely,
Pat
Pat Jones, CMPS™
Certified Mortgage Planning Specialist
Sales Manager
CTX Mortgage Company
603-447-1101 Direct Line
800-356-5150 Toll Free
603-584-1176 Fax
www.patjoneshomeloans.com
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