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Zero Down Loans
There are a number of home loans with 100% finance options and a variety of mortgages requiring little or no money down. Fill out a mortgage form today and see if you qualify.
Available on 30 and 15 year fixed-rate programs; 5) Combination Loans, the most popular, provide Zero-Down financing for your home. If you’re ready to buy a home but don’t have enough cash for the down-payment, an 80/20 Combination Loan might be the answer. Zero-down loans are loan programs designed to help people with good credit and full time employment purchase their home for very low to zero downpayment. Lenders typically will not offer zero down loans to individuals with poor credit and shaky employment. The more secure your credit and income is the more likely you can qualify for a favorable zero down loan.
For many homebuyers, putting money down is not an option. With zero down loans, the need for a down payment is eliminated thus making only a minimal difference in your mortgage payment and allowing you to put your cash toward other uses. You don't have to have perfect credit in order to secure a zero down loan. Here are a few of the most popular zero down loans: 1) The 80/20 Loan with no private mortgage insurance (PMI). The most popular zero down loan, the "80/20" offers low payments and great rates; 2) Bruised Credit Loans - A credit score in the high 500s still qualifies you for no-money-down financing. Refinancing in 2 years, once your credit score has improved, can lower the interest rate and reduce your payments; 3) The 103% Loan - By covering some or all of your closing costs, this program requires the least amount of cash to purchase a home; 4) 100% or 107% Loan to Value (LTV) - No PMI.