My wife and I are starting to look at homes and will be first time buyers. I don't want to sink my cash into a down payment, so I'm looking at 80/15/5 or 80/10/10. I see that Navy Federal Credit union offers a 5% down product without PMI, and is advertising 30-yr money at 3% with 1.25 points. What's appealing beyond the minimum down and no PMI is they service the note and don't sell it. Are there other lenders that offer similar terms?
I don't have an account with Navy Fed yet, but can qualify for one through my dad who is a vet.
I don't have an account with Navy Fed yet, but can qualify for one through my dad who is a vet.