Investment Properties!
Minimum credit
score 620
No Downpayment Mortgages
Buy a Home Today!
If you are thinking about buying a home and you are interested
zero down home mortgages, all of our zero down programs are available without
mortgage insurance. We even have a 107% purchase program which will allow you to
finance your closing costs. The no mi loans are accomplished by either a 1st and
2nd mortgage combo (80/20, or 75/25), or you can get one large first mortgage
without mi, however this is compensated for by using a higher interest rate.
If you have had a recent bankruptcy or foreclosure, you can be
Pre-qualify
for a no money down home mortgage as long as you have reestablished your credit
since the bankruptcy. It is required that your bankruptcy be discharged, and
there are just a few lenders who will lend the day after a Chapter 7 or a
Chapter 13 bankruptcy has been discharged. These no money down programs are
credit score driven only. Thus, if you have the score, you qualify normally,
provided you can meet other standard guidelines.
It usually takes from 6 months to a year to reestablish your credit scores
with 3 to 4 accounts including secured credit cards, auto loans, and other
consumer credit items. It's always best to pay off all your collection accounts
if you can as well as any current accounts including credit card balances that
are at their credit limit before requesting to have your credit pulled. The
proportion of your outstanding balance to your available credit line has a
definite impact on your scores. You need a minimum of a 580 middle score to
qualify for a zero down mortgage.
We offering competitive pricing on zero down mortgage
programs. Some of the standard features including the following:
- 80/20 Combo 100% mortgage program
- Seller credit for non-recurring closing costs to 6% of purchase price.
- Stand alone 1st mortgage available
- No Mortgage Insurance
- Loans up to $750,000
- Stated Income (no verification) on excellent credit.
- Duplex is ok (2 units only)
Please note also that on all no money down real estate loans,
the lender will require you to live in the property for a minimum period
(usually one year). Acceptable property types include single family residence,
condo, townhouse, or PUD. We're sorry, but mobile homes, or manufactured housing
do not qualify for the 100% programs.
Free Appraisal
Credit to You Upon
Close of Escrow !
Submit a prequalification form today!
Mention 100% financing in the comments area.
Our representatives will get back to you as soon as possible. Thank
you for giving us the chance to evaluate your loan request.
|
BAL
