Tuesday, July 22, 2014

No Down Payment



Yes, Virginia, there really are Zero Down Payment mortgage loans still available.

Here are the types of conventional mortgage loans that require no down payment:

· VA Loan - No down payments
http://benefits.va.gov/homeloans/purchaseco_eligibility.asp

· Navy Federal Credit Union Loan - No down payment.
https://www.navyfederal.org/products-services/loans/mortgage/mortgage.php

· USDA Loans - No Down Payment
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do




These loans are readily available to military veterans, or to those purchasing homes in qualified rural areas.




The following types of loans require little down payment:

· FHA Loan - Need a minimum down payment of 3.5%.
http://portal.hud.gov/hudportal/HUD?src=/buying/loans

· Home Path Financing - Need 3% down payment
https://www.homepath.com/financing.html

· Conventional Financing - Need a minimum 5% down payment.

And qualified borrowers might be eligible for up to $75,000 in mortgage tax credits. See:
http://www.mshomecorp.com/homebuyers/mortgage%20credit%20certificate.htm

If you are investing in real estate, you should know your financing options. Please message me privately at HomeLandInvestment@gmail.com for referrals to my preferred lenders to help with your purchase or refinancing needs.

Happy Investing!


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