Do all lenders offer the new 3% down payment program or only FHA lenders?

The 3% down option is for first time home buyers and it is a conventional loan.Need at least a 620 middle fico score with no higher than 45% debt ratio

Most conventional lenders do, but not all. The new conventional 97% is much cheaper compared to fha.

I also have a piggyback 80/10/10 loan. 10% down, 80% first mortgage with no MI and a 10% 2nd.

Most top lenders should have this program available for borrowers that fit the requirements. Min credit scores is 620 and the DTI can't be higher than 45% and the max Seller Assist in PA is 3%. Good thing is the 3% and closing cost can be ALL GIFT....

FHA requires 3.5% down and conventional financing will do 3% down for first time home buyers only, unless your looking to refinance.. then you can do 97% LTV.. If you have good credit scores, then conventional is the way to go.. if your scores are low, then FHA is the better loan product.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com