Genworth Financial now offers an improved low-down-payment program, called Homebuyer 97. They’ve reduced their required down payment to 3% and cut their mortgage default insurance premium from 3.10% to 2.90%.
(Note: Genworth also has a 0% down program but the insurance premiums and credit requirements are slightly higher.)
The move brings Genworth in line with AIG, who was first to market with their similar “Advantage 97” program.
Talk to your favorite mortgage planner or call us to see if you qualify. You’ll need a credit score of 650+. Other terms apply.
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Last modified: April 25, 2014
