Yes! We have an
exciting new conventional loan product called the Freddie Mac VLIP Mortgage
(Very Low Income Purchaser). On a VLIP
Mortgage, qualified borrowers will receive a credit of 2% to be applied toward Lender
Paid Mortgage Insurance LPMI. LPMI means
that the borrow will have no monthly mortgage insurance! This is a special loan for home buyers with
qualifying income less than or equal to 50% of the area median income. Rates are excellent, 620 minimum FICO. Call the Easterbrook Team for Details at
(916) 850-6050.
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