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.
This process which felt daunting and intimidating was made digestible, understandable and achievable by the team. They gave me the knowledge to make educated and informed decisions that helped me move forward with my first home puchase.
Thank you for taking the time to speak with me every time I had a question or concern. You and your team were always so professional and at the same time, I kind of felt like we were family... I could pop up at any time! Thanks again!
You provide excellent communication during the process. Katie did a superior job.
My refinance was a very streamlined and painless process with Katie and her team. Almost everything was completed electronically. And they were able to accommodate several scheduling issues for the final closing.
I was so worried about purchasing a home because I thought the loan process would be a nightmare. I had heard horror stories. My experience with Paul and InterLinc has been so easy, and I was kept informed throughout the entire process. Couldn't be happier.
Overall the people at InterLinc went above and beyond
Paul and his team didn't give up on us. They kept pushing to find a way to make our homeownership dreams come true. We closed in record time. It was the smoothest process and the best communication. We will always sing their praises and refer them to everyone we know!
Brian did an amazing job on my loan and I never hesitate to refer my clients to him! He’s a master in the Home Loan Arena and his team compliments him very well!
This team was absolutely amazing and made this experience as easy as possible! I highly recommend this company and will always return to them when needed!
From filling out the application to signing title papers as new home owners, our experience was wonderful. A few mix ups and misunderstandings, but those were minimal and resolved within minutes. Communication is key and from the very beginning communication was at 100%.
