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
Office: 949-870-4008 Cell: 714-468-7549
LENDEREQUAL HOUSING
© 2016 Sierra Pacific Mortgage Company, Inc. NMLS ID #1788 (www.nmlsconsumeraccess.org). CA DBO/RMLA 417-0015 (01/15)
