who knows if you can get a three-percent down loan (non-fha) with prime rates if you have a good fico score?
Hi...I jsut closed on Thursday (yay!) with 3% down, NO PMI, conventional, with a 660 score. Bank of America - special first time homebuyer program. $500 had to be my own funds, but could borrow/be given the rest of the 3% down. Check with your agent, and your county/city/state Dept.'s of Housing - they often have special programs
For almost all mortgage lenders, incluidng BofA, they pull what is called a tri-merge report, which is a consolidation of info on all three reports. They use your middle credit score.
Bank of America Bank of America also has a 3% down program where the interest rate is adjustable. The interest rate of the loan is always 1% below market, which right about now would be nice. Mike G.
