First-time Home Buyers
Purchase Your Home with Just 1% Down – NO PMI
Brandywine Valley Mortgage is excited to offer the CONVENTIONAL 1% DOWN WITH EQUITY BOOST loan program.
- You put down 1%, your lender contributes 2%*, giving you 3% equity at closing
- Great low rates
- Close in 30 days or less
- Conventional 30-year fixed program
- Available with no monthly Mortgage Insurance
*2% lender contribution may only be applied to down payment, maximum loan amount of $250,000
3% Down Fannie Mae HomeReady® Program
Purchase a home with just 3% down and reduced or no MONTHLY mortgage insurance.
- Down payment as low as 3% (even for first time homebuyers)
- Reduce or even eliminate monthly Mortgage Insurance (not possible with FHA)
- Usually faster, easier and with a lower monthly payment than FHA
- Use gift funds for your entire down payment
- Just 620 FICO score needed!
- Non-Occupying co-borrowers/co-signers are OK!
HOME BUYERS NEED TO KNOW – You don’t need perfect credit to get a great rate.
- 3.5% down — less than a few months’ rent — you could be building equity in a home of your own.
- Just 580 FICO score needed for 3.5% down, 500 FICO score for 10% down!
- Gift funds are accepted. Family members are welcome to help out with your down payment.
VA 100% Financing
We are proud to offer 100% financing for Veterans and their families.
- FICO scores from 560
- NO Mortgage Insurance
- NO Down payment
- Fixed 10, 15, 20, 25, 30 and 5/1 ARMS