Tim Bradford 216-324-8113

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3% Down Conventional


3% Down Conventional Loan
Alternative to FHA Financing


  • Available to all Owner Occupied Single Family Homebuyers.

  • Down payment is 3% of the sales price.

  • Allows down payment and Closing Costs to be a gift from a family member.

  • Available for single-family dwellings homes

  • Conventional Private Mortgage Insurance that goes away when 78% LTV is reached.

  • Fixed Rate Loans only for 15 or 30 Year terms

  • Standard Credit Score and Debt to Income Ratios Permitted
    (Higher Credit Scores and Lower Debt to Income may apply if Gift Funds Used)

  • Sellers Assistance limited to 3% of Sales Price

  • Avoids FHA Upfront and Life of Loan Monthly Mortgage Insurance Premiums

Call for Additional Details

Timothy Bradford, Loan Officer
American Midwest Mortgage Corporation
6363 York Road, Suite 300, Parma Heights, OH  44130
Direct:  (216) 324-8113
Cell:  (216) 324-8113
Office:  (440) 884-5000 Ext. 269
Fax:  (440) 884-5034
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