Buy a home with a down payment as low as 3%

With its low-cost mortgage insurance (MI) premium, a Conventional 97% mortgage is a great alternative to an FHA loan. Best of all, the Conventional 97% loan program can even be combined with Lender Paid Mortgage Insurance, where VITEK covers the MI for you.*

Conventional 97% Loan Options:

  • Down payment as low as 3%
  • Down payment and closing costs can come from a gift
  • Using eligible down payment assistance programs, borrowers can finance their down payment and/or closing costs up to 105% of the combined loan-to-value
  • VITEK Mortgage Group can pay for the mortgage insurance (MI) premium on the loan when you combine the conventional 97% loan program with Lender Paid Mortgage Insurance*
  • There are multiple conventional 97% financing options available. Some require at least one borrower be a first-time homebuyer (has not owned a home in last three years)

*Restrictions apply. Program guideline information may change without notice. Please contact us for the latest program guidelines.

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