Low Down Payments
Reduce the worry of the down payment and help your borrowers take advantage of the low rates today!
Offer the best solution to your first time homebuyers with one of New Penn’s great product mix.*
New Penn Offers Several Products With Down Payments As Low As 3%:
- Conventional, HomeReady & Home Possible: 3% down with 620+ FICO. The 3% can come entirely from a gift
- VA: 100% financing with 600+ FICO
- FHA: 3.5% down with 580+ FICO
- USDA: 100% financing with 640+ FICO
- Jumbo: 90% LTV up to $1.5M and no MI
*Check our guidelines for complete details.
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