3% Down Payment Financing
Currently there are three loan programs that finance up 97% of the purchase of a home. The most popular is made available by the Federal Housing Administration; otherwise known as FHA. The other three are made available by Fannie Mae and Freddie Mac.

FHA loans are currently the most popular home loan because the required down payment is only 3.5% and the credit requirements are relatively relaxed compared to traditional home financing options.

Fannie Mae and Freddie Mac now offer a 97% loan to value loan for owner occupied property with a loan amount at or below $417,000. Mortgage insurance is a requirement on this type of loan, but we are proud to offer the Pay Advantage loan which does not require traditional mortgage insurance.

The Home Path loan program is offered to individuals that are seeking to purchase Fannie Mae owned homes with as little as 3% down payment. In addition, mortgage insurance is not a requirement on this loan.

Home Possible loans are provided by Freddie Mac to finance properties that they have in their current real estate holdings portfolio. As with Home Path, the Home Possible loan only requires 3% down payment and there is not any monthly mortgage insurance.

C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. C2 Financial is a VA approved lender; not endorsed or sponsored by the Department of Veterans Affairs or any government agency. Loan approval is not guaranteed and is subject to lender review of information. Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. This licensee is performing acts for which a real estate license is required. C2 Financial is licensed by the California Bureau of Real Estate: Broker #01821025. NMLS #135622. California Bureau of Real Estate #01326712, NMLS#84095.
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