No Down Mortages

Don't put off buying a house because you don't have a down payment. Delaying may cost you more in the long run if home prices are rising. Many no down mortages program are offered by government and private organizations. Most no down mortages program require good credit but some allow for credit blemishes. As you might expect, borrowers with good credit are rewarded with lower interest rates. Not all lenders offer these programs but we'll help you find the right program. An good example of no down payment financing is a 100% LTV Fixed Term ARM. A fixed term ARM is a loan with the rate fixed for the first few years (typically 3 to 10 years) but the rate can adjust thereafter.

The advantage of no down mortages program to the borrower is that this allows the lender to offer a more attractive interest rate than if the rate was fixed for 30 years. Some no down mortages program combine two loans, a first and second mortgage. These combinations usually offer more flexibility regarding the borrower's credit and income sources.  Some retirement programs (like PERS programs) offer great no down mortages program packages. We can help you find the best solution for your situation by matching your needs with hundreds of lenders. We offer you all the necessary help and assistance and smile your way to good credit with our no down mortgages.