My trustworthy man at Ruoff Mortgage, Alan Pressley, tells me they have a brand new Conventional loan program out— and it only requires a 1% cash down payment from the home buyer. Actually it gets even better! The loan is actually a 3% down product, but Ruoff is putting up the other 2%. (How out them apples!)
These mortgage loans can be used to purchase single family homes. And you do not have to be a first time home buyer! A 680 credit score is required for this program. Keep in mind, however, there are other programs that are somewhat similar and at least one that only requires a 660 credit score. One things for certain— There are a lot more loan programs than there were 2-3 years ago. Which makes NOW a great time to do biz with someone who can connect you with other people who can make good things happen!!
“I work harder to make good things happen!” -Bob