To help make homeownership a reality, Provider Mortgage now offers a Conventional 95% Loan-to-Value (LTV) program with the added flexibility of family members gifting up to 100% of the down payment. Combined with Borrower or Lender Paid Mortgage Insurance (BPMI or LPMI), family members are able to give the gift of homeownership to their loved ones.  

 

HIGHLIGHTS

• Up to 95% loan-to-value with 100% down

  payment paid from gift funds.

• Lower overall mortgage insurance (MI)

  than FHA.

• No upfront mortgage insurance

  (FHA requires 1.75%).

• MI is removable once loan reaches 80% LTV

  (FHA MI remains for life of loan).

• Credit score minimum 620.

 

 

Programs available only to qualified borrowers. Programs subject

to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.