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.
It was such pleasure working with Blake and the InterLinc staff. From the beginning Blake ensured we had constant communication as the loan process continued. Even when delays occurred, due to no fault of InterLinc, Blake worked hard to get our loan and closing back on track. I will definitely recommend Blake and InterLinc to any of my friends and coworkers looking to get a loan in TN. Thank you.
Hannah was very attentive and responsive! She made the whole process so easy for my client! Definitely will recommend Hannah to all my clients!
Melissa Fuller did a great job. Without you not much would happen. Thank you
Professional, personable, and understanding throughout the entire process. Thanks Hannah!
The efficiency and professionalism of getting all the paperwork required was top notch. Our closing date got moved forward 10 days towards the end and this team was still able to pull everything together in time, very happy to have worked with them and would recommend to anyone who needs a home loan lender.
Casey was so patient when helping us out. We were buying a house from a family member who was difficult. She helped us get through the entire process with ease.
As a repeat customer I will come back again in the future and will recommend this company to other potential mortgage customers
The professional staff were very knowledgeable, comforting, accessible and timely during what could otherwise be a very stressful process. I am so happy my realtor recommended Interlinc!
I am very pleased with Tim's level of knowledge and responsiveness. I would highly recommend Tim and INTERLINC to anyone I know.
Could not have been happier with my experience! Everyone at InterLinc is quick to respond, they are incredibly kind and professional, and always willing to help. I am very thankful for this team. They certainly made my home buying experience a smooth one.
