Buy A Home With Zero Down

The Zero Down payment Program offers you a way to buy a home with no down payment. That’s right- Zero Down Payment! You may have held back from buying because you thought you needed a substantial down payment. Or, you may be in the position where you do not want to liquidate your financial assets to use as a down payment on a home. Regardless of your present situation, you want a way to get into or to re-enter the housing market without having to make a cash down payment. The Zero Down payment Program may be just the answer you need. Here’s what is required to qualify for the Zero Cash Down payment Program.

Program Qualifications

  1. An excellent credit history with no recent history of bad debts and consistent and timely payment of current liabilities
  2. Limited liabilities
  3. You will be required to disclose all current liabilities you have in order to determine how much more debt you can carry. (i.e. present car loan, credit cards, etc.)
  4. At least 2 full years of employment stability. You will be required to show proof of employment for the past 2 years, i.e. a letter of employment from your employer or financial statements for the past 2 years if self-employed.
  5. The financial ability to carry larger monthly payments

Without a down payment you will be required to meet the obligation of larger mortgage payments. Your monthly payments could vary from a few to several hundred dollars more per month.

It is important to note that not all properties qualify for the Zero Cash Down payment Program. To ensure that you get an accurate picture of what properties may or may not be included in this program in your particular area, it is advisable to review the terms of the program with your Realtor .

Benefits of the Zero Cash Down payment Program

No Down Payment

If you are renting, why pay your landlord’s mortgage? Why not reap the benefit of building your own equity? Are you renting because you are held back from owning your own home because you think you need a substantial down payment? The general perception of many would-be-home buyers and even that of some Realtors is that a substantial down payment is required in order to purchase a home. This is simply not true. Because of this perception many would-be-home-buyers feel they have to save for years before they have enough money for a down payment so that they can finally enter the housing market. In the meantime they are lining someone else’s pockets, while waiting a long time before they can start building their own equity. Well, with the Zero Cash Down payment Program you don’t need a down payment to buy a home.

Buy a Home Now!

If needing a down payment is keeping you from owning your own home, this new program offers you an immediate way to get into the housing market. With the Zero Down payment Program you don’t have to wait to purchase a home.

Approved Bank Program

It is important to know that the Zero Down payment Program is an approved bank program. Review this program with your lender or Realtor who has specialized knowledge in financing and can assist you with the Zero Cash Down payment Program.

We have helped a number of buyers purchase their first home or investment property with Zero Down. Please call or email us if you would like additional information about how you can get started with Zero Down.

Any Questions?

If you have any questions about this article, or would like to set up a time to speak with David Gallup, please email me  or call our office at 800.458.6863 x353. We’d be glad to help you.

Century 21 realty is second to RE/MAX realty in Orlando real estate. taylormorrison.com is one website, buyerbroker.com is another. tollbrothers.com can help find ryland homes for you as well as trulia.com and coldwell banker. There are many others, such as floridamoves.com and orlandorealestate.coml Not to overlook forsalebyowner.com and owners.com or salebyowner.com, which are many of the sale by owner options. But none of them can top RE/MAX. And don’t even think about a FSBO or you will lose a lot of equity

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