A conventional 97% LTV (loan-to-value) loan is similar to the traditional conventional loan; however, this specific program allows prospective home buyers to purchase a home with only a 3% down payment. To qualify, the following guidelines must be met:
*Other restrictions may apply.
A conventional 97% LTV (Loan-to-Value) loan is an attractive option to first-time home buyers as the qualifying guidelines typically meet their home buying profile. Another benefit of this loan program is that it allows for its entire 3% down payment to come from gifted funds; however, the gift must come from a person related to the borrower by blood or marriage, or the borrower's legal guardian, domestic partner or fiance/ fiancee.
In this ever transforming mortgage industry of changing regulations, most consumers need guidance and assistance to ensure the home buying process runs smoothly. Scott Senner was such an asset to us, starting with our first request to determine what we could afford, all the way through closing. Without his attention to every last detail, we might not be comfortably enjoying our new home right now. We have every intention of using Scott again in the future, if and when, we ever decide to re-finance or buy another home.
Made the process very easy!
Eric and the Zanotelli Team are truly phenomenal. They are attentive and very responsive. They make sure that you are informed and are well taken care of throughout the entire process. I can't say enough about how great and easy an experience I had working with the Zanotelli Team. I recommend them completely, without any reservation!
My husband and I started our real estate team about 8 years ago. At that time, I had not formed my team of lenders, closers, etc. and Shelby came into our office to talk about what he could do to make our client’s mortgage processes as easy as possible. Since then, Shelby has followed through with everything he had promised that many years ago. I know his business has continued to grow, but he has not changed the personal service he provides to us or our clients. Shelby is always available, no matter when it is, and always provides quick responses to questions and the need for preapproval letters. He goes above and beyond to make sure every transaction gets to closing. Dave and I highly recommend Shelby to every buyer that is in need of an amazing lender. We look forward to sending him many more referrals in the days to come.
Cathy and her team are amazing, professional and fast.
Using Paul Knopf and his team for my recent home purchase was the smartest decision I've made. It was by far, the easiest and smoothest home purchase I have ever experienced. From the paperwork required and ease of submitting it, to keeping me in the loop every single step of the way. They made me feel like I was their only client. The entire team was friendly, efficient, and provided second to none customer service. If you’re looking to purchase or refinance a home, you should give Paul and his team a call, they’re the best in the business and they’ll prove it.
Stephanie was amazing she walked me through the whole process and made sure that my loan was completed.
They always exceed my expectations. The follow up and communication is better than anyone else in the business.
I was very scared to start the loan process and had some issues in the beginning with my credit. Jerry walked me through the whole process how to raise my credit score in order to make it 100% that I would be approved for my loan. I was very surprised to see how helpful and patient him and his coworker were during the whole process. He made sure I was in contact with somebody the entire time if I had any questions or needed anything. I knew right away that I chose the right person when he was very upfront about what needed to be done and straight to the point - not beating around the bush. I highly recommend him to anyone looking!
Katie was AMAZING!!!!!!!!!!...I can even say that I made a new friend through all of this!...She was my rock and a listening ear through this whole thing…and guided me along the way!!
