Qualify for 5% Down with only 680 credit score

5% DOWN PAYMENT

With only a 680 mid score (down from 720).

Until now, buyers needed to have a 720 middle score to qualify for mortgage insurance. Buyers can now obtain mortgage insurance with just 5% down and a 680 credit score for conventional financing!*
Once again, this is perfect for homes that cannot go FHA or for borrowers who want to avoid paying 2.25% up front mortgage insurance.

Financing is available for second/vacation homes for just 10% down. A 720 score is required for second homes.
*For purchase of primary residence only, 41% max ratio