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First National’s New 100% Mortgage

First National has announced a new 100% mortgage geared to good credit customers with no money for a down payment.  Here’s the details:

  • Amortization:  Up to 35 years (40 years as of Dec. 15, 2006)
  • Rate Guarantee:  120 days
  • Mortgage Insurance Surcharge:  3.1 to 4.1% depending on insurer and amortization
  • Minimum Credit Score:  680 to 710 depending on insurer

Keep in mind, you still need to come up with about 1.5% in closing costs. Call Melanie McLister at MyVirtualMortgageAgent for rates or more details:  (800) 280-2460