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!
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🔑 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 :Â 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
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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.
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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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