Saving for a down payment should not be the reason you put your dreams on hold. I can help you buy your dream home with a zero down mortgage loan.  You’ll not only be able to afford a home sooner, you’ll probably be able to afford more home.  With a zero down mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved.  And, for most buyers, this means qualifying for a larger loan.

MyCommunityMortgage

A great program for first time home buyers is MyCommunityMortgage.  It's 100% financing and has a lower Mortgage Insurance rates.  There are income restrictions on this loan, but it's a great way to get into your first home!  Also, a seller can pay up to 6% of the buyers closing costs saving you even more of your hard earned money!

Combination Loans

There are many ways to achieve 100% financing through a combination of several loans.  The most popular is an 80/20 loan.  This is where the loan is divided into two loans, one loan of 80% of the home value and a second loan of 20% of the home value, combining to make 100% financing.  There are several loan combinations available, 80/20, 80/10/10, 85/15, 90/10.  With these loans a seller can contribute anywhere between 3% to 6% of the buyers closing costs.  Please contact me to help determine which loan combination is right for your unique situation!

There are many, many loan products available for 100% financing.  Let me help you explore all your mortgage options.  I look forward to helping you!