Nothing down mortgage loans have almost gone extinct. Zero down purchases for buyers with low FICO scores or bad credit are even harder to find. There is no argument that underwriting guidelines have gotten tighter recently and for good reason. Defaults and foreclosures are at an all time high. Bad paper hit a point where Wallstreet said, “NO MORE” emphatically. When this happened, mortgage bankers and lenders started folding in droves. The high number of foreclosures on mortgages caused an overall tightening in mortgage lending leaving many would be home buyers out in the cold. Many of these would be home buyers have gotten discouraged and have given up on purchasing a home. Well now there is a reason for the would be home buyers to have hope, even when their FICO scores aren’t the best or they have less than perfect credit.
Now there is a way a buyer can get into a home with NOTHING down. Yes, zero down, no down payment and this is available with low credit scores. There is a program available that will allow all closing costs to be included in the loan amount, allows all prepaids to be included in the loan amount including prepaid mortgage insurance and allows a down payment assistance program.
This program is terrific and there is no better market than this one to offer such a great product. There is no application fee, so it will not cost the borrower anything to see if they can be approved. Before the mortgage boom, it was hard to get anything down purchase with less than perfect credit. Now, with this program, the borrower can get a home of their dreams, with nothing down and with a score as low as in the 500th
This special loan program is available nationwide and are offered without fee.
