1% Down Payment Loan-No PMI

Hello!

With homes prices going up and no price relief on the horizon, lenders are coming up with new ways to get buyers into houses. My lender David Wood of 20 years has a new loan program for income qualified buyers short of a large down payment. See below for details.

1. Buyer puts 1% down.

2. We do a 97% loan with no PMI.

3. We do a 2nd loan for 2% of the price which has no payments and is forgiven at the end of three years.

4. Good in Orange and LA Counties only. More details below.

Contact me if you or someone you know is interested in the loan.