Zero Down Purchase Loan

Down payment keeping you from home ownership?  Well, this product can help!

Zero Down Purchase is a down payment assistance program that allows borrowers to receive a 3% loan up to $15,000.   You will have no required monthly payment on the second lien and the second lien does not accrue interest.  The second lien is due in full as a balloon payment upon refinance of the 1^st lien payoff or the final payment of the amortization schedule of the 1^st lien.

30-year fixed primary residence purchases only

• 1 unit single-family, PUDs, Condos
• No Manufactured homes
• Conforming loan limits (No High Balance)
• Down payment assistance can cover up to the lesser of 3% of $15,000 of the down payment

Minimum fico 620

• Borrowers with income at or below 80% Area Median Income (AMI)
• Do NOT Need to be a first-time homebuyer

Minimum fico 700

• No Aera Median Income (AMI) restrictions when at least one buyer is a first-time homebuyer

 

Other loan products we offer:

VA Loan Low Credit Score ZERO DOWN LOAN 500 Minimum Credit

FHA Loan Low Credit Score 500 Minimum Credit Score