The Affordable Loan Solution is a 30-year fixed-rate mortgage that requires a low down
payment of just 3%. This makes it an ideal option for first-time home buyers or those who do
not have a large amount of cash on hand for a down payment. The program also has flexible
credit requirements, making it easier for those with less-than-perfect credit to qualify for a
loan.
Another benefit of the Affordable Loan Solution is that it comes with a reduced mortgage
insurance premium. This can save you money over the life of your loan, as you would not
have to pay as much in mortgage insurance. Additionally, the program has no income limits,
meaning it is available to a wide range of borrowers.
To apply for the Affordable Loan Solution, you will need to meet certain eligibility
requirements. You must be a first-time home buyer, or you must not have owned a home in
the last three years. Additionally, the property you are purchasing must be a one-unit, single-
family residence, and it must be located in a qualifying census tract.
Overall, the Affordable Loan Solution from Vontebe Bank is an excellent option for those
looking to finance their home with a low down payment and flexible credit requirements. The
reduced mortgage insurance premium and lack of income limits make it a great choice for a
wide range of borrowers. If you are interested in learning more about the program or applying
for a loan, contact us today.
