#AmeriFirst Home Mortgage Lender, Jay Eakins #FannieMae - TopicsExpress

#AmeriFirst Home Mortgage Lender, Jay Eakins #FannieMae #FirstTimeHomeBuyers now able to offer a low down payment, low credit score conventional product for First Time Home Buyers. First time home buyers can now obtain a new home for 3% down, with a minimum FICO of 620. In the past a 620 FICO would have to go FHA which requires 3.5% down and has a MUCH higher PMI calculation and the PMI is on the loan FOREVER! Same borrowers can put only 3% down, have a much more affordable payment due to conventional PMI being much less per month and the PMI will eventually go away!

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