Yes, there is 100% Home Purchase
Financing!
For many types of credit...
Past Credit Problems, OK!
Bankruptcies, OK!
First Time Home Buyers, OK!
Buy Home Direct's
100% Financing program lets borrowers overcome one of the primary
obstacles to buying a home—lack of a down payment. More borrowers can now
qualify for more house- and this loan is the most popular with First Time
Buyer's as well as seasoned homeowners.
Our 100% Financing is available for both
purchasing and refinancing a home.
Some helpful guidelines for obtaining our EZ Qualify 100% Financing
loan:
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►
Credit score of 600 or higher on purchase or refinance transactions
-
►
No time requirements for bankruptcies
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►
Up to 55% debt + housing-to-income ratio
-
►
First-time homebuyers
allowed at a maximum debt ratio of 50%
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►
Maximum loan amounts up to $750,000
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►
Limited income verification loans available
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►
100% financing available on single-family
residences, planned unit
-
developments, duplexes (2 units), and condos
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►
95% financing available on owner-occupied 3-4 units and condos
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►
3 lines of traditionally rated credit and a 2-year credit history
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►
6% seller-paid non-recurring closing costs allowed
Click
Here to compare 100% conventional to an FHA Loan
How 100% Financing Can Help YOU Get the
Home You Deserve!
Zero Down vs. 3%
Down. $200,000 Purchase Price*
|
|
100% LTV** |
97% LTV |
|
Amount Financed |
$200,000 |
$194,000 |
|
Down Payment |
$0 |
$6,000 |
|
Impounded Taxes (6 mos.) |
$0 |
$1,250 |
|
Impounded Insurance (2 mos.) |
$0 |
$113 |
|
Mortgage Insurance (2 mos.) |
$0 |
$336 |
|
PITI Reserves (2 mos.) |
$0 |
$3714 |
|
Total Needed To Close |
$0 |
$11,413 |
| |
|
|
|
* The numbers
included here are for illustration purposes only, and may vary based
on borrower's payment history, annual interest rate adjustments,
etc. All programs, terms and rates are subject to change without
notice. Certain restrictions may apply. Contact licensed loan
officer for details.
** Borrower is
responsible for recurring closing costs only. |
|
