Zero Percent Down Purchase
Dreaming of owning your own home but worried about the down payment? Our 0% Down Purchase Program is here to make your dreams a reality.
This innovative program allows you to move into your new home without the burden of an upfront down payment, letting you keep your savings for other important expenses.
Your Path to Homeownership Starts Here!
Unlock Your Dream Home with Our 0% Down Purchase Program
Are you ready to stop renting and start owning? Our 0% Down Purchase Program is designed to make your dream of homeownership a reality, without the upfront cost of a down payment. Imagine moving into your very own home while keeping your savings for other important expenses or renovations.
Whether you’re a first-time homebuyer or looking for a fresh start, our program offers flexibility, support, and financial freedom. Let us guide you every step of the way, from pre-qualification to closing and beyond. Your dream home is closer than you think!
Here's How It Works:
- First lien mortgage meets LTV requirements
- The lender provides a second lien mortgage for 3% of the purchase price, up to $15,000
- Second lien has no monthly payment requirement and no interest
- Second lien balance is due when the first lien loan is refinanced or paid off, whichever comes first
- Payments on the second lien can be made throughout the loan term, but are not required
How Borrowers Can Qualify:
Option 1: Home Possible® Guidelines
- Borrowers must be at or below 80% of the Area Median Income (AMI) for the address of the property they are buying and meet Home Possible® guideline requirements
- For very-low income borrowers whose qualifying income is at or below 50% AMI (VLIP borrowers), they will receive a $2,500 credit as part of the 3% assistance
- This credit does not need to be repaid by the borrower and lowers their debt obligation from the second lien
- 620+ FICO and LTV must be equal to or greater than 95% LTV, up to 97%
- For very-low income borrowers whose qualifying income is at or below 50% AMI (VLIP borrowers), they will receive a $2,500 credit as part of the 3% assistance
Option 2: HomeOne® and Lender Guidelines
- At least one borrower must be a first-time homebuyer and meet HomeOne® and the lender’s guideline requirements
- First-time homebuyer is defined as someone who has not had ownership interest in a home in the last 3 years
- 700 FICO and LTV must be greater than 95%, up to 97%
Why Choose Our Program?
- Fast Closings: Move into your new home quickly with our streamlined process, closing in an average of just 20 days.
- Financial Flexibility: Keep your savings for other expenses and investments while achieving homeownership.
- Stability and Security:Transition from renting to owning, providing you with stability and the opportunity to build equity.
Get Started Today!
Pre-qualify today and discover how easy it is to own your dream home with our 0% Down Purchase Program. Don’t let the dream of homeownership slip away—take the first step now!
