 Why
100% Financing?
Clients from a
variety of
backgrounds and all
income levels have
good reasons for
buying a home
without a down
payment. From the
$10 per hour worker
to the $400,000 per
year surgeon, all
have varied and
valid reasons for
100% Financing:
- Just started
career: Many of
our clients
recently
graduated from
college with a
bachelors degree
or just received
a professional
degree such as a
doctor or
lawyer. We all
know that during
the schooling
years, the
ability to save
for a
downpayment does
not exist.
However, now
that the
individual has
successfully
graduated he or
she would like
to buy a home
and start living
in the "real"
world. These
recent graduates
have great
earnings
potential,
excellent job
security and a
very bright
future. They can
afford a new
home but simply
do not have
money saved for
a down payment.
As long as they
maintained good
credit while in
school, we have
many 0% DOWN
home loans
available.
- Prefer to
invest the
money: Today's
consumer is very
market savvy.
Even those with
a downpayment
understand the
value of having
that money work
for them in
other ways
rather than
putting it into
the equity of
the home.
Whether you put
5% down, 20
percent down or
0% down, the
house will still
appreciate in
value at the
same rate every
year. The aspect
of buying a home
as a good
investment holds
true regardless
of the down
payment. So
while mortgage
rates are low
and the cost of
funds are cheap,
you may prefer
to invest the
money in the
market or other
business
ventures.
- Have not
been able to
save over the
years: There
are many hard
working
individuals in
the U.S., both
single and those
with families,
who simply do
not have the
opportunity to
save for a
downpayment. The
key for you is
credit. Have you
managed to pay
your bills on
time over the
years? If so
then you do have
0 Down options.
Need money for
furnishings,
moving etc..
When buying a
home, there are
many associated
expenses that
are incurred.
Moving,
furniture,
remodel/touch up
to the home,
Even if you have
managed to save
for the
downpayment, you
may be stretched
with moving
expenses and the
general expenses
that occur the
first few months
of being in a
new property.
Most people want
to have a
cushion of
savings for the
expected and
unexpected. Our
programs allow
you to keep the
downpayment in
your savings
account.
-
Refinancing /
Debt
Consolidation:
Those who
purchase a home
are not the only
ones requesting
100% loans. You
may already be
in your home but
are interested
in lowering your
rate and
consolidating
debt. With good
credit, you may
borrow up to
100% of the
value of your
home as
determined by an
appraisal. The
cash out can be
used for home
improvement,
debt
consolidation,
travel, car
purchase or any
expense you may
have.
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