Resources – Premier Point Mortgage

Home Loan Guide

FAQ

Q: Can I use gift money for my down payment?

A: Yes, 100% of your down payment can come from a gift. That’s great news for buyers getting help from family or friends.

Q: Can I combine FHA with down payment assistance?

A: Absolutely. Many local and state assistance programs are designed to work with FHA loans, helping you cover the upfront costs of buying a home.

Q: What credit score do I need?

A: If your score is 580 or higher, you may qualify with 3.5% down. If it’s between 500 and 579, you may still qualify, but you’ll need 10% down.

Q: Do I have to pay mortgage insurance?

A: Yes. There’s an upfront fee (which can be added to the loan) and a monthly insurance premium. If you put 10% down, you’ll only pay monthly insurance for 11 years—otherwise, it lasts the life of the loan.

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Don’t just take our word for it, hear from our clients

I'm very happy with Premier Point Mortgage. Johanna made an exceptional job, making my first time home buying, a great experience. I totally recommend Premier Point Mortgage. Call them, you won't regret it.

The workers are really nice and very helpful. Able to answer any question with any hesitation.

Premier Point Mortgage

NMLS #2184348

Premier Point Mortgage guides you every step of the way, making your journey to homeownership stress free; now that’s Home Financing Simplified!

(866) 203-9613

990 Raritan Rd. Clark, NJ 07066

homes@premierpointmortgage.com

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Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.