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Updated over 7 years ago on . Most recent reply

Elsa M.'s profile image
Elsa M.'s profile image
Elsa M.
  • from Wheaton, Illinois
  • Member since Oct 29, 2017
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Elsa M.'s profile image
Elsa M.'s profile image
Elsa M.
  • from Wheaton, Illinois
  • Member since Oct 29, 2017
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Elsa M.
  • Wheaton, IL
5
Votes |
51
Posts
Starting Out

The DreaMaker mortgage program?

Elsa M.
  • Wheaton, IL
Posted

Has anyone heard of the DreaMaker loan that Chase bank offers? I'm looking to purchase and house hack my first rental property. The mortgage loan officer said that this conventional loan is better than an FHA loan. It offers 3% down payment, lower PMI than FHA, interest rate is 4.00%, and APR 4.063%, DTI ratio 45%.

Any ideas as to which loan is better? FHA or DreaMaker?

Thank you!

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