Ruoff Home Mortgage is now offering a new conventional purchase loan product that allows for the borrowers to have just a 1% down payment (can be a gift, too!).
One become three. Borrowers just bring one percent down payment to the table and Ruoff will bring the other two!
No loan documents or repayment are necessary on the 2% provided by Ruoff Home Mortgage.
Homeownership is 99% closer than before. Let Ruoff Home Mortgage help you secure a mortgage with the 3-for-one down payment program.
One-unit primary residences only
680 minimum credit score
Maximum loan amount of $424,100
No minimum loan amount
Income limits apply in some areas, waived in other areas
Cannot own another home at closing
Online homebuyer education class for first time home buyers
Do not have to be a first time home buyer
Reduced monthly mortgage insurance
30 year fixed rate