Conventional
Flex 97 Loan

The 3% Down
Home Loan

Conventional Flex 97
The 3% Down Home Loan

At American United, your road to homeownership couldn’t be easier with today's Flex 97 loan, a conventional first-time home buyer loan that only requires 3% down.
I want to thank you again for your promptness and professionalism which enabled Barbara and I to obtain this mortgage.
- Steve G., Edison
The flex 97 is not a new loan program, just one that's often overlooked by lenders as many assume the FHA (Federal Housing Administration) has the only low down payment loan left.

With a good credit score (640+) home buyers should strongly consider the advantages of today's Conventional Flex 97 loan.
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Benefits of a
Conventional Flex 97 Loan:

  • Only a 3% down payment required ( FHA requires 3.50% down )
  • No upfront mortgage insurance required ( FHA requires 1.75% Upfront Mortgage Insurance
  • Lower Monthly Mortgage Insurance compared to FHA monthly insurance
  • Mortgage insurance drops off when you reach a 78% loan-to.vaiue. FHA mortgage insurance remains for the life of the loan
Where most local banks and lenders require 10% to 20% down, American United is committed to helping our home buying clients achieve their goal of homeownership by offering the Flex 97 loan.

You might consider a
Conventional Flex 97 loan if;

  • You are looking to place as little down as possible
  • You prefer to keep more of your sayings to use toward closing costs or home renovation
  • You have a good credit score
  • You are buying an owner occupied single family home or condo/townhouse
It should be noted that the FHA in general is a great loan program as well, helping to opens doors for many home buyers.

You should consider an
FHA loan if;

  • Your credit, score is below 640
  • You are looking to purchase a 2-4 unit property
  • Part of your down payment is corning as a gift

Find out if a Conventional Flex 97 Loan is right for you

Call or email a local American United Lending Professional today.

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