ZERO Down Home Loans Utilizing an FHA Loan

Dream of Homeownership?

Zero Down is Possible with a 100% FHA Loan!

Thinking about buying a home but struggling with the down payment hurdle? You might be closer to your dream than you think! A 100% FHA loan program could be your pathway to homeownership, even without a traditional down payment.

Here's how it works:

96.5% First Lien (30-Year Fixed): This is your primary mortgage, offering the stability of a 30-year fixed interest rate.

This second loan covers the remaining 3.5% typically required for an FHA down payment. It's amortized over 10 years, making it a manageable addition to your monthly payments.

The Benefits:

Zero Down Payment: The most significant advantage! You can purchase a home without needing to save up a large sum of money.
No First-Time Buyer Restrictions: Unlike some down payment assistance programs, this 100% FHA option is available to all eligible buyers, regardless of whether you've owned a home before.

FHA Flexibility: FHA loans are known for their more lenient credit requirements compared to conventional loans, making homeownership more accessible.
Important Considerations:

While you're not paying a traditional down payment, you'll still need to cover closing costs.

Having a second lien will increase your overall monthly payment.
It is crucial to understand all the terms and conditions of both loans.
This 100% FHA loan program can be a game-changer for those looking to break into the housing market.

Ready to explore if this program is right for you?

Don't wait! Contact me today to discuss your options and take the first step towards owning your dream home. Let's get you started!

Book a call with The Mortgage Mentor
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