- 2019 Posts
- Don’t Let Intimidation Get in the Way of Home Ownership
- Setting Financial Goals for the New Year
- Buying a home after bankruptcy
+ 2018 Posts
- Why you should own a home rather than rent
- FHFA Conforming Loan Limits 2019
- How 2018 Market Trends Will Affect Wisconsin Buyers
- No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
- Benefits of using FHA for your home loan
- Benefits of being a homeowner
- Wisconsin local lender vs online lender
- Home Loan Pre-Approval
- No Money Down Home Loan
- Serve and Support Loans
- Debt Consolidation and Cash Out
+ 2017 Posts
- Fast and Easy Refinance
- Now is the Time to Purchase a New Home
- Low Money Down Loans
- Who Can Get a VA Loan?
- Renting or Buying
- Loan Discounts for Nurses
- USDA Home Loans
- Loan Discounts for Teachers
- FHA 203K Home Improvement Loan
- Discount for Firefighters
- Getting an FHA Loan
- Discount for Police Officers
- Rates on the Rise
- Pre-Approval and Pre-Qualification Differences
- USDA No Money Down Home Loan
- Low Credit Home Buying
- Financing your New Home
- Bankruptcy and Home Ownership
- FHA 203K Loan
- Raising Rates Impact Buyers
- Finding the Right Home
- Buying VS Renting
- Home for Neighborhood Heroes
- GSF 100% Financing
- Free Appraisal with Finance First
- Home Inspections
- Low Money-Down Loan
- VA Loans 2017
- What is Mortgage Insurance
- Tax Refund Options
- FHA Loans
- Using a Realtor
- New Year Debt
+ 2016 Posts
- New Year, New Home!
- Mortgage Pre-Approval Advantages
- Bankruptcy and Home Buying
- Credit Scores
- Home Selling Secrets
- Rates to Rise
- Ready, Set, Winter!
- VA Loans
- Holiday Dream Home
- Stop Paying Rent Today!
- No Money Down Home Loans
- Getting Pre-Approved for Your Loan
- New Home for the Holidays
- Fall Home Deals
- No Down Payment Loans
- Streamline FHA and IRRRL VA loans
- Home Buying Tip #4
- Home Buying Tip #3
- Home Buying Tip #2
- Home Buying Tips and Tricks
- HomeReady - A Home Today!
- Serious About Buying a Home?
- Can you Afford to Wait to Purchase a Home?
- If You are Renting You are Still Paying a Mortgage
- Top Reasons We Buy a Home
- A Friendly Reminder: You Do Not Need 20% Down
- Selling Your Home and Holding Out for More Money
- Why Smart Singles are Buying Homes Now
- Avoid Having Your Offer to Purchase Rejected
- Building Your Net Worth with Home Ownership
- Why You Need a Home Inspection
- Why This is the Time to Sell Your Home
- Listing Your Home with a Realtor VS For Sale by Owner
- Buyers: Using a Real Estate Agent VS For Sale by Owner
- Millennial Home Buyers
- Home Buying during a Sellers Market
- Buying Versus Renting
- Private Mortgage Insurance Good or Bad
- You Do Not Need Great Credit to Buy a Home
- Putting Your Tax Return Toward Your Future
- FHA 203K loan – purchases and refinances that include rehab money
- Have Limited Down Payment Funds - FHA may be the loan for you!
- No Money Down Loans - USDA Rural Development Loans
- Should You Buy a Home Now or Wait Until Spring
- Use your tax returns toward your home purchase and invest in your future
+ 2015 Posts
- Renting VS. Buying – The benefits of being a home owner
- Pre-Approval for New Home Purchase
- What is Mortgage Insurance - PMI
- What to know about Escrow for Taxes and Insurance with your Home Loan
- Credit Score Tips
- Refinancing and Reducing Monthly Payments
- Fall Home Buying Season
- How do I get a VA Loan
- Fall is Upon Us
No Money Down Home LoansOctober 18, 2016
Luckily, scrimping and saving to buy your first home is a thing of the past. It often took years to save 20% down, and with the obstacles life can throw at you, it can feel almost impossible. No need to borrow from your 401k or your Uncle Al. It's time to consider some of the other great financing options that are available today.
It's true, you can get into your own home with little to no money down to qualified borrowers now. With flexible options, and less critical credit reviews as in the past, financing could be as easy as 1-2-3.
USDA and VA loans both offer 100% financing. That means NO down payment to qualified borrowers required. Both offer reduced minimum credit scores, shorter time frames for recent bankruptcies and foreclosures. Some minimum credit conditions do apply, and we will be happy to discuss your individual credit scenario. This is a great loan program that we are happy to offer, it has enabled many of our neighbors to get into their home loan with NO down payment to qualified borrowers.
FHA with 3.5% down is another great option rather than picking a conventional loan. The FHA loan offers the lowest mortgage rate for buyers with average or below average credit scores. With an FHA loan, they won't hold your score against you.
Then there is the Fannie Mae's Home Ready Loan, which requires only 3% down. The great thing about the home ready program is that Fannie Mae allows all of your money down to come from somewhere else, not your own savings. With competitive rates, forgivable mortgage insurance, and they allowable rental unit and boarder rent to count toward your income. They will also allow a parent to be on the loan, without requiring them to live in the home. This is great news for people looking to buy their first home without a strong credit history.
Ready to find out which loan program works best for you? Contact us today for more information on these great home loans! We are waiting to help you!