 No Down Payment Options
No Down Payment Mortgages have become a popular choice for financing a home. Coming up with the thousands of dollars that make up a ten or twenty percent down payment can be difficult on any budget. At Red Hills Mortgage Mortgage, we have many options for home purchasers to fully finance their dream homes.
So, if you would like to move into your home with almost no out-of-pocket costs, contact a Red Hills Mortgage professional today.
See our requirments below for 100% financing.
- Zero down payment - either a 1st mortgage exclusively or a combination of a 1st and 2nd mortgage (sometimes referred to as a piggyback mortgage).
- Advantages to No Down Payment Financing:
- No Cash needed for down payment
- Don't need to liquidate stocks and other investments
- Borrower may want to finance as much as possible for tax deduction purposes
- Requirements for No Down Payment Loans:
- Property must be owner occupied
- FICO Score 620
- Normally requires the use of both a first mortgage and a second mortgage
- Debt ratios of 45 or less
NEXT STEPS:
>> Start your application
>> Free financial analysis
>> Find a realtor
>> Contact a Red Hills Mortgage Professional
|
