That right . . . not only You must qualify for the loan program but the home must qualify too. It’s a niche product in the U.S. housing market, and most realtors aren’t aware of the beauty of these loans. You can finance 100% of a home’s purchase price while also having access to fantastic mortgage rates.
There is an upfront mortgage insurance that is added to your loan balance for you. For example, A homebuyer with a $100,000 loan size would be required to make a $2,000 upfront mortgage insurance premium payment at closing, plus a monthly $33.33 payment for mortgage insurance.
Cara Reidhead with V.I.P. Mortgage states, “These loans are a specialty product and we’ve spent the last 15 years perfecting our knowledge of the agency’s guidelines. One of the many perks of this program is the option for the buyer to have their earnest money returned at closing. It’s possible to come into the transaction with no cash to close, when the right terms are negotiated by a great buyer’s agent and an experienced lender is serving you!”
Call today to find the right home for you and take advantage of this ZERO down, extremely affordable program! Amanda Pinkerton at 480-235-1377.
If someone outside of Arizona needs to find a REALTOR in their area, I would be happy to help you find a qualified professional.