3% Conventional Loan–Save on Mortgage Insurance!!!
3% down, lower mortgage insurance, and no upfront funding fee. Say it ain’t so… guess what? It is. That’s right Fannie Mae just came out with a new 3% conventional loan program that blows FHA out of the water. For borrowers who qualify this is an amazing opportunity to get into a new home in 2015–oh BTW— you won’t be able to buy a flip home with FHA at all… so this is the program you want anyway.