Zero down Financing Housezero-defect finance house
On the following chart you can see how simple it is to get qualified for this kind of loans with the corresponding interest rate. Below are lending and borrowing features designed to complement all those specified in the current FHA policies. If the borrower's household income is the same as or less than 115% of the AMI (Area Median Income), the second pledge is granted after 36 month of punctual first mortgages, the second pledge cannot be treated as junior, if the first pledge is repaid or the real estate is transformed into an asset, the pledge must be fully repaid.
If the AMI is >115%, the 2. mortgages must be reimbursed The interest rate/payment period depends on the duration (example: 10 years 0%, 15 years 3%, 20 years 4%, 30 years 5%), the 2. mortgagor does not subject to this pledge, if the mortgages are re-financed or the real estate is transformed into an asset, the pledge must be fully reimbursed.
Minimum loan amount 75K, maximum loan amount FHA County Limits (High Balance Accepted), up to 6% vendor surcharge. Now is the right moment to buy a house. Actual interest rate levels are low and are expected to increase progressively over a period of years. Combine these lower prices with an incredible deal with no down payments and purchasing a house is with GROW is less of a pain and more of a joy.
Give us a call today and get your new house!