Exciting news for potential homebuyers and real estate professionals! Epic Mortgage is introducing a loan product, Conventional 1% Down. This unique offering allows income-qualified borrowers to contribute just 1% towards the down payment, with the lender contributing an additional 2%, up to $4,000, making it a total of 3% down.

This initiative not only makes homeownership more financially feasible for borrowers. The Conventional 1% Down option is accessible to all who meet the criterion.

How It Benefits Borrowers:

• Lower Down Payment: Requires only a 1% down payment from qualified borrowers.
• Quick Homeownership: Helps borrowers reach their down-payment savings goal faster, facilitating a quicker path to homeownership.
• Financial Flexibility: Provides more funds for furniture, house repairs, and maintenance.
• Guidelines: Follows the same guidelines as Home Possible® and HomeReady®.Qualifying: Private Mortgage Insurance is discounted from traditional Conventional Programs, allowing the borrower to qualify for more home.

Borrower Qualifications:

• Income: For borrowers with income at or below 80% of the Area Median Income (AMI).
• Credit Score: 620+ FICO score.
• Loan Terms: 30-year fixed loans with an LTV of 97%.
• Usage: Eligible for primary purchases only.

To learn more about this exciting opportunity by contacting your Home Loan Advisor Mike Stoy at 262-424-9820 or mike@yourepiclender.com.