Dreaming of owning your home but worried about the down payment? 0% Down Purchase program is here to help! Get a 3% loan up to $15,000 with no monthly payments or interest on the second lien. It's perfect for getting into your dream home quicker and using extra funds for repairs or savings!
🔑 Key Benefits:
No Down Payment: Get into a home faster without upfront costs.
Financial Flexibility: Use your funds for home repairs or emergency savings.
Affordable Homeownership: LLPA caps make it easier for underserved borrowers to own a home.
Competitive Edge: Attract real estate agents by offering an additional affordability product.
No Payment Due : NO required monthly payment on the 2nd lien.
No Interest: The loan does not accrue interest.
📋 Program Details:
Eligibility: 30-year fixed primary purchases for 1 Unit single-family, PUDs, and condos.
Loan Features: Second lien up to 3% or $15,000 due as a balloon payment on final mortgage payment or refinance.
Guidelines: Meets Home Possible® or HomeOne® standards.
Minimum FICO: 620 for Home Possible®, 700 for HomeOne®
LTV/TLTV: Maximum LTV up to 97%, TLTV up to 100%.
Some exclusions may apply
Get started today and make your homeownership dreams a reality without the stress of a down payment! Contact us now to learn more about this incredible opportunity.
Let’s make your homeownership journey easy and exciting! Call me to see if you qualify for this downpayment program.
Call or email for a pre- approval Today.
Tiffany Hughes
303-549-0891
.INFORMATION SUBJECT TO CHANGE.
CERTAIN RESTRICTIONS APPLY. SUBJECT TO APPROVAL OF BORROWER AND INVESTOR GUIDELINE REQUIREMENTS. DOWN PAYMENT IS PROVIDED AS A 2ND LIEN
AGAINST THE SUBJECT PROP ERTY. 2ND LIEN BEARS A 0% INTEREST RATE AND CANNOT EXCEED A $15,000 LOAN AMOUNT. 2ND LIEN HAS NO MINIMUM MONTHLY
PAYMENT REQUIREMENTS, A TERM OF 360 MONTHS AND IS FULLY DUE AS A BALLOON PAYMENT UPON THE OCCURRENCE OF EITHER A REFINANCE OF THE 1 ST LIEN,
PAYOFF OF THE 1 ST LIEN OR THE FINAL PAYMENT OF THE AMORTIZATION SCHEDULE OF THE 1 ST LIEN. BORROWER MUST QUALIFY BASED ON HOME POSSIBLE® OR
HOMEONE® GUIDELINES. SOME EXCLUSIONS MAY APPLY. THE PRINCIPAL, INTEREST, AND Ml PAYMENT OF A $350,000 30-YEAR FIXED-RATE LOAN AT 6.999% AND 97%
LOAN-TO-VALUE (LTV) IS $2433.32. THE ANNUAL PERCENTAGE RATE (APR) IS 7.528% WITH ESTIMATED FINANCE CHARGES OF $6,500. THE PRINCIPAL AND INTEREST
PAYMENTS, WHICH WILL CONTINUE FOR 360 MONTHS UNTIL PAID IN FULL, DO NOT INCLUDE TAXES AND HOME INSURANCE PREMIUM, WHICH WILL RESULT IN A
HIGHER ACTUAL MONTHLY PAYMENT. RATES CURRENT AS OF 5/22/2024. SUBJECT TO BORROWER APPROVAL. SOME EXCLUSIONS MAY APPLY.THE PRINCIPAL,
INTEREST, AND Ml PAYMENT OF A $350,000 30-YEAR FIXED-RATE LOAN AT 6.999% AND 97% LOAN-TO -VALUE (LTV) IS $2433.32. THE ANNUAL PERCENTAGE RATE (APR)
IS 7.528% WITH ESTIMATED FINANCE CHARGES OF $6,500. THE PRINCIPAL AND INTEREST PAYMENTS, WHICH WILL CONTINUE FOR 360 MONTHS UNTIL PA ID IN FULL,
DO NOT INCLUDE TAXES AND HOME INSURANCE PREMIUM, WHICH WILL RESULT IN A HIGHER ACTUAL MONTHLY PAYMENT. RATES CURRENT AS OF 5/22/2024.
OPPORTUNITY SUBJECT TO BORROWER APPROVAL. SOME EXCLUSIONS MAY APPLY.
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