No Money Down Mortgage Options
- Question: Do you offer 100% financing for first time home buyers?
- Answer: Yes. We have a wide range of no money down mortgage programs for first time home buyers. Many of these programs are very flexible and will borrowers with less than perfect credit. Apply now and let us find one that works for you. Here are a selection of our most popular no money down and low money down programs...
Fannie Mae American Dream
The Fannie Mae American Dream program is the most flexible no money down program available and is our most popular program. It is designed to accommodate first time home buyers as well as borrowers with lower credit scores. Please visit our Fannie Mae American Dream page for more information about this great product.
| Down Payment and Closing Costs | None required. Closing costs may be financed into loan amount up to 103%. |
| Maximum Loan Amount | $417,000 |
| Income Limits | No Income Limits. |
| Eligible Borrowers | U.S. Citizens and Permanent Resident Aliens both qualify. Borrowers cannot own any other property at time of closing. |
| Qualifying Ratios | 33%/38% |
| Minimum Credit Score | Non Specific. Good credit. Overall qualifications considered. |
| Home Buyer Counseling | Not required. |
| Down Payment and Closing Costs | Minimum down payment of 3%. May come from gift. |
| Maximum Loan Amount | $417,000 |
| Income Limits | No Income Limits. |
| Eligible Borrowers | U.S. Citizens and Permanent Resident Aliens both qualify. Borrowers may own multiple properties. |
| Qualifying Ratios | 41% |
| Minimum Credit Score | Non Specific. Good credit. Overall qualifications considered. |
| Home Buyer Counseling | Not required. |
We offer a wide variety of no money down and low down payment programs. The programs above are a selection of our more popular options. Questions? Contact us! We will be happy to review your situation and determine which programs you qualify for.