Special Financing for credit scores 600 or above
Let’s be honest – unexpected circumstances always arise in everyday life both the good and bad. At Primary Residential Mortgage, Inc., we completely understand bad things do happen to good people.
However, at PRMI, we are here to give you a second chance at homeownership, or even to decrease your current mortgage rate.
An FHA Choice loan is specifically designed to give special attention to borrowers with less-than-profit credit.
Some of the general requirements include a down payment of 3.5% of the final loan amount.
Product Guidelines at a Glance:
-Low down payment
-Two months reserve
-Employment: Minimum of 12 months in the same line of work for the borrower; six months for the co-borrower
-Verifiable 12-months of rental history
Connecticut Department of Banking #8750, 193964 PRMI 3094