![]() ![]() With our Section 8 for Homeownership Program, borrowers use their Housing Assistance Payments (HAP) towards their mortgage payment on a condominium or single family home. ONE Mortgage also helps Section 8 voucher holders become homeowners. Call 1-88 or find a mortgage consultant in your area. If you stop living in the property, you must refinance out of ONE Mortgage. Explore how much you may be able to borrow with our affordability calculator. Dont pay PMI.If your down payment is less than 20 of the homes price, most lenders will require that you pay private mortgage insurance. If you only plan to live in your home for a few years, ask about an ARM loan. Consider an adjustable-rate mortgage (ARM). ![]() With a 20 down payment, you’ll eliminate the need for PMI altogether. Use our mortgage rate calculator to get customized rates and monthly mortgage. Your principal and interest payments will drop with a smaller loan amount, and you’ll reduce your PMI premium.
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