Grand Valley Home Loans offers a program enabling consumers to purchase homes with as little as 1 percent down.
Grand Valley Home Loans will provide eligible homebuyers with a 2 percent lender-paid down payment that gives consumers a 3 percent equity boost at closing.
“The 1 percent down program we’re making available to clients is a new alternative to the 3 percent down programs that already exist,” said Mickie Fisher-Rogers, owner and managing broker of Grand Valley Home Loans. “It’s a conventional loan designed for borrowers with strong FICO scores who want to save money on their down payment and maximize their monthly discretionary income.”
The conventional 1 percent down program is available to homebuyers with a minimum FICO score of 700 and a maximum debt-to-income ratio of 43 percent.
For more information, call 250-9876 or visit the website located at www.gvhloans.com.