• Want To Purchase A Home With No Money Down?

    Do you want to know how to purchase a home with no money down? In this article I'll explain (at a high level) how we can help you achieve this goal.

    You might be a person with good credit scores and you can afford the housing payment on a home loan, but you just don't seem to have the down payment that other lenders are saying you'll need. This is usually 3-5% of the purchase price. You might be a savvy person who has a down payment, but you'd like to leverage the home buying transaction to maximize it's financial benefits to you... Whatever the reason, there are a number of ways we might be able to help you with both down payment assistance or even in some cases closing cost assistance.

    Let's look at how this could work...

    • You wish to purchase a home for $300,000 (= value)
    • You qualify for a conventional loan of $291,000 (97% loan-to-value)
    • We obtain a down payment assistance loan for $9,000 (3% loan-to-value), which brings the total loan-to-value up to 100%... that's no money down folks!

    But wait! There's more... ;)  

    If you qualify, we can actually get you a grant of up to 5% of the loan amount, which in this example would be $14,550.00. This brings the total 

    • You wish to purchase a home for $300,000 (= value)
    • You qualify for a conventional loan of $291,000 (97% loan-to-value)
    • We obtain a down payment assistance loan for $14,550 (4.85% loan-to-value), which brings the total loan-to-value up to 101.85%... The extra 1.85% or in this case $5,550.00 can help you with your closing costs!

    Here are some features:

    • The non-repayable grant can only be used for down payment and/or closing costs
    • The program is NOT limited to first-time home buyers
    • The credit score requirements are from 640 and up
    • This program can be used in conjunction with Conventional, FHA, and/or VA home loans

    If you'd like to learn more about this program, call us today at 916-727-6444 or CLICK HERE to set up an appointment