NEW Conventional 97% Financing

Backed by Fannie Mae and Freddie Mac, this program allows us to help homebuyers purchase a home with only a 3% down payment. This mortgage program is also referred to as the “My Community Mortgage” program. There are many benefits to this loan program including the following:

1) With only a 3% down payment, the My Community Mortgage is now comparable to an FHA loan which requires a 3.5% down payment.

2) Offers a lower monthly mortgage insurance premium compared to other conventional loan programs. This results in a lower monthly payment and more buying power.

3) Unlike FHA mortgage insurance, a homeowner can remove conventional mortgage insurance after they reach 20% equity.

4) Can be beneficial for homebuyers who lack a large down payment but have high credit scores.


How To Qualify? 

  • Must have a minimum credit score of 620+
  • Must meet the maximum income restrictions. Some areas of Colorado do not have any income restrictions. Max income in the Denver Metro Area is $89,900 but many locations have no income limits at all. To check income limits for a specific location, Freddie Mac & Fannie Mar have designated a special map for homebuyers. Just plug in the property address that you’re interested in and see what the income limits are for that property. 

Check Fannie Mae Home Ready Income Limits

Check Freddie Mac Home Possible Income Limits