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The 97 Conventional loan program is back. Designed to make it easier for more borrowers to obtain home financing, the 97 Conventional allows for a down payment as low as 3%. The program’s features include: • Up to 97% loan-to-value • Must be a first-time buyer or have not owned a home in the last three years • Minimum 620 FICO score • Owner occupied, one unit properties (manufactured housing is not available) • Fixed-rate term up to 30 years • Eligible for no cash-out refinance for existing FNMA-owned loans only Sierra Pacific Mortgage is excited to announce the return of down payments as low as 3%. Please contact me to take advantage of this great program. Down payments as low as 3% Take advantage of the 97 Conventional All rates and programs subject to change without notice. Not a commitment to lend. Sierra Pacifi c Mortgage, Inc. Jenny Montoya NMLS# 1248181 Sierra Pacific Mortgage Loan Officer 3 Corporate Park #210 Irvine, CA 92606 [email protected] Office: 949-870-4008 Cell: 714-468-7549 LENDER EQUAL HOUSING © 2016 Sierra Pacific Mortgage Company, Inc. NMLS ID #1788 (www.nmlsconsumeraccess.org). CA DBO/RMLA 417-0015 (01/15)
