3% down payment disclaimer

** For example, a 3% down payment on a 30-year, fixed-rate purchase loan of $300,000 with an interest rate of 3.125% / (3.134% APR) will have 360 monthly principal and interest payments of $1,246. This is for a FNMA HomeReady loan (see qualifications here).

Payments shown do not include taxes and insurance. Actual payments will be higher. This is based on the following assumptions: borrower with an average credit score (i.e., FICO score of 675 or higher); maximum loan-to-value ratio of 97.0%; subject property is a Single Family Residence; subject property is borrower’s primary residence. Mortgage rates are based on current market conditions and change daily. Actual rates may vary.
All mortgage loan products are subject to credit and property approval. Rates, terms, and conditions are subject to change without notice. Products are not available in all states. Other restrictions and limitations may apply.