LH Lending is excited to offer a new home loan program, HomeOne, for First Time Buyers. This unique product is perfect for first time home buyers who want to put down as little as 3% down payment – no matter their income limit or their location.
A First Time Home Buyer is an individual that has had no ownership interest in a residential property in the last 3 years.
A 30 year fixed rate loan with 360 equal payments, at a 90% LTV loan, resulting in a 10% downpayment, and an annual percentage rate of 4.75% will have a monthly principal and interest payment of $1,043 per month. This payment does not include the amounts for taxes, property insurance, or mortgage insurance.