Posted: 2017-06-15 | Author: Richard Simon
Are you wanting to purchase a home but the down payment is holding you back? What if I told you AZ Lending Experts has 3 different loan programs that offer 100% financing. Yes, that means NO down payment! In some cases they even include NO closing costs.
You might be thinking this is too good to be true, but at AZ Lending Experts our motto is ‘Where dreams become realty!’ And yes, there is a very good chance that you qualify for one of these loans. Continue reading through the following three programs to see which one best fits you.
Anyone who qualifies for the VA loan will not only be opted out of needing a down payment they will also be opted out of ALL loan costs. AZ Lending Experts has taken over all loan costs. These include typical lender fees such as processing and underwriting fees, the appraisal fee, and loan origination points. On average, our heroes save over $2,500 in upfront costs when buying a home through our Heroes Pay Zero VA loan program.
Our goal is give back to those who have given so much for us. Here are some of the details of our Heroes Pay Zero VA loan program:
Here are some highlights of our USDA financing program:
Check out: https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state to see if you may be eligible.
Also look at https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp to see if the home you are looking at is in a USDA area.
The Federal Housing Administration, or FHA, loans require a minimum of 3.5% down payment, which can be quite a lot of money. On a $270,000 home purchase, that’s $9,450.
However, with AZ Lending Expert’s FHA 100% program you we will cover the down payment requirement with a soft second mortgage. Better yet, this second mortgage typically does not require repayment and is forgiven after 3 years!
Here are some highlights of our FHA 100% financing program:
Don’t forget, we are here to help. If you are ready to take the next steps to home ownership, call us today! We are also more than happy to simply answer a few questions.