Free Down Payment Mortgage Program – Zero Down Payment Mortgage
5% FREE Down Payment?
This is NOT a ZERO DOWN Mortgage, instead the lender actually GIVES you 5% down, resulting in a mortgage that starts out at 95% LTV + applicable insurance premiums.
The terms of this mortgage are the following:
• Purchases Only
• Minimum Credit score – 680
• Up to a 35 year Amortization
• Must show 1.5% in closing costs available – lender needs to confirm you have additional funds available for legal fees, moving, unforeseen events, etc.
• Five year fixed rates, based on POSTED rates, not discounted
• 5% cash back based on the entire purchase price, will be advanced at closing to use for down payment.
“I WANT TO SEE IF I QUALIFY FOR THIS 5% FREE DOWN PAYMENT MORTGAGE!”
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