Are you wanting to buy a home yet don't have the money for a down payment or closing costs? Do you have a credit score of 640 or higher? If so, then this program might be just what you are looking
100 Percent Zero Down Payment Home Loans Available
There are several home loan programs available that are all zero down 100% financing. these are MIHome, Rural Development and VA loans. Below are some details about each loan.
MIhome Loan is a home financing solution for low-to-moderate income families in Michigan
no minimum credit score* (this means you can have a low score but be able to explain why it is low)
110% loan-to-value option to help with repair costs, closing costs and down payment
ACCEL home-buyer training prior to loan closing provided at no cost to the member
Private Mortgage Insurance Waived
10, 15, 20 and 30 year fixed repayment terms
minimum loan amount is $5000
*Derogatory credit history must be explained with an extenuating circumstance. Must be a member to apply for loan. Loan is for new purchase only not refinancing. This is available through frankenmuth Credit Union.
For more info click here https://www.frankenmuthcu.org/personal-mortgages
If you need more info on RD or VA loans please contact these lenders Tim NyKamp at Envoy Mortgage https://www.envoymortgage.com/
or Alan Donor at New Executive Mortgage http://www.newexecmtg.com/Home
As always please feel free to contact me too if you have any questions. Scott Cummings eXp Realty 989-415-8592
My personal mission statement is "Changing people's lives...one home at a time." With every client I work with, buyer or seller, I take this mission statement to heart. Buying or selling a home is c....
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There are several home loan programs available that are all zero down 100% financing. these are MIHome, Rural Development and VA loans. Below are some details about each loan. MIhome
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