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IMAGIN offers More for Those With Less Than a 20% Down Payment

Recently, Freddie Mac rolled out a new product which eliminates mortgage insurance premiums for borrowers. The new IMAGIN product streamlines mortgage insurance and may expand credit to first-time homebuyers or low- to moderate-income borrowers.

Borrowers with less than a 20% down payment benefit from Freddie Mac’s innovative approach to the mortgage insurance process with the lender. Customers will foregoing certain fees and private mortgage insurance premiums; saving borrowers thousands of dollars over the course of the loan.

Other features of the program include:
  • Down payments as low as 3%
  • No income limits
  • Minimum FICO score of 620
  • Loans up to $510,000
Premia Relocation Mortgage offers the IMAGIN program. To determine if you qualify, please speak with a Premia Mortgage Consultant.

Restrictions apply.  Not all borrowers will qualify.
 
- Jun 25, 2020



 
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