1% Down

Looking for a Conventional, FHA Loan, VA Loan, or USDA Loan in Tampa, Hillsborough County? You may be qualified. A mortgage consultant from BD Mortgage Group LLC can help you determine which mortgage option is right for you.

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Selling, general and administrative, and other operating expenses in the first quarter were $378 million, up 23.1% from $307 million a year ago.

 · For the 1% down option, your credit score needs to be at a minimum of 700. Another financial qualification that may be used is your debt-to-income ratio, which can’t exceed 43% in most cases. So, how does the 1% down payment program work? The borrower puts down 1%.

The savings are not insignificant. On a $200,000 mortgage, coming up with 3% down would be $6,000. A 1% down payment is only $2,000. Not everyone will qualify, of course.

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