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.
*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.
|Loan Term||Down Payment||Annual Percentage Rate||Estimated Monthly Payment|
|30 year fixed rate||10% (90% LTV)||4.75%||$1,043|