1% Down Equity Boost

Introducing Conventional 1% Down With Equity Boost

YOU PUT DOWN 1%,

YOUR LENDER CONTRIBUTES 2%*,

GIVING YOU 3% EQUITY AT CLOSING!

COMPARE THE EQUITY BOOST TO UTAH HOUSING

Utah Housing

Sales Price $250,000
Loan Amount $250,000
Closing Fees $5,966
Interest Rate 4.50%
Apr 4.66%
Total Pmt Piti $1,506
Cash Needed $500

Equity In Home $0

 

1% Equity Boost

Sales Price $250,000
Loan Amount $242,000
Closing Fees $6,816
Interest Rate 4.50%
Apr 4.69%
Total Pmt Piti $1,461
Cash Needed $2,500

Equity In Home $7,500

 

With the equity boost program, you have more equity and a lower payment without mortgage insurance.

As a conventional loan your closings are faster and appraisals have less conditions. There are fewer income restrictions and the borrower can even use the home as a rental after the 1st year.

Call for free approval options 801.599.5363 or try our Quick Quote