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Monument Financial Real Estate and Mortgage Solutions

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Old 02-28-2017, 2:39 PM
Punisher's Avatar
Punisher Punisher is offline
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Join Date: Nov 2009
Location: Orange County, Tustin, CA 92780
Posts: 238
iTrader: 13 / 100%
Default Purchase home with 1% down

For those wanting to buy a home, but are short on down payment funds, this may be a solution for you.

We're offering the Conventional Purchase program that requires just 1% of the sales price as down payment, for primary residence purchases up to $437,000. As an example, a $400k purchase price would require just $4,000 down.

Down payment can come from borrower's own funds, retirement accounts, or as a gift from a relative. And first time homebuyers are welcome, however they will need to complete an online housing counseling course prior to closing.

Below are examples of the total payment on a 30 year fixed at varying purchase prices:

$2,560 total payment on a $400,000 sales price
$2,000 total payment on a $300,000 sales price
$1,400 total payment on a $200,000 sales price


Give me a PM or call for more info or questions! All applicants must qualify. Other options are available that may be a better fit.
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