Reliant Home Funding, Inc Now Offers Conventional 1% Down Program for Homebuyers
New program offers borrowers better savings, more favorable payments than FHA product
[Melville, NY]—[7.6.2017]—Reliant Home Funding, Inc has announced a new program enabling consumers to purchase homes with as little as 1% down, making it one of the first independent mortgage brokers in the country to offer a conventional 1% down program to homebuyers. Through their wholesale relationships Reliant Home Funding will offer eligible homebuyers with a 2% lender-paid down payment that gives consumers a 3% equity boost at closing.
“The 1% down program we’re making available to clients is a new alternative to the 3% down programs that already exist,” said Gregory Topal, President of Reliant Home Funding, Inc. “It’s a conventional loan designed for borrowers with strong FICO scores who want to save money on their down payment and maximize their monthly discretionary income.”
Reliant Home Funding, Inc produced a video to highlight the program.
This Conventional 1% (Up to $5,000) down program is available to homebuyers with a minimum FICO score of 700 and a maximum debt-to-income ratio of 43%. Reliant Home Funding, inc is one of the first independent mortgage brokers in the U.S. to offer a 1% down-payment option in the form of a conventional loan, as opposed to a government-backed mortgage.
To learn more visit: https://relianthomefunding.com/low-down-payment
Gregory A. Topal
Gregory is Co-Founder and Licensed Loan Originator at Reliant Home Funding, Inc., a Long Island based Mortgage Company. Gregory currently holds a Mortgage Loan Originator License in NY, NJ, CT, CO, FL and PA and plays an active role in running the company. (NMLS #: 38684)
Gregory was raised in Long Island, NY and attended SUNY Oneonta receiving a Business and Marketing degree in 2004. Shortly after graduating he started a career in Real Estate and has been fortunate enough to advance his career throughout the years. He believes his success can be attributed to consistently striving to exceed the expectations of his clients and colleagues.