Zero Down Financing
Some believe Zero Down Financing is a myth, the unicorn of the finance world but we have NEW for YOU.
There are a couple EZ ways to get ZERO Money Down financing
Pre-Approval
USDA HOME LOANS
100% Financing: The USDA Home Loan.
The USDA mortgage loan has been around for years, but it has become more popular recently because it requires zero money down and has lenient credit requirements.
Verify your eligibility for a zero–down USDA loan. The USDA mortgage even allows the seller to pay your closing costs. This rural housing loan has set income limits for individuals, or family’s in order to qualify. Your household income cannot exceed 115% of your area median income. The maximum debt-to-income ratio for USDA loans are higher than a conventional loan. You should speak to your lender to determine your eligibility.
FHA HOME LOAN
FHA loans are the main option for home buyers with bad credit. If you have a 500-579 credit score you can qualify with 10% down.
FHA and Conventional loans need just 3.5% or less down, but 100% of the down payment can be a gift. This would make it possible to buy a house with no money down.
VA HOME LOANS
VA loans have very low rates – usually even lower than conventional loans. And they don’t require a monthly mortgage insurance fee like USDA, FHA, or conventional loans. VA Home Loans offer Veterans the opportunity to buy a HOME and Land package with ZERO DOWN PAYMENT. No money down loans help NEW HOMEOWNERS invest more into making their house a home.
