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Are you ready to buy a home but want to use a minimum
down payment? The Mortgage Outlet has 100% first time homebuyer
programs available.
With a credit score of 600 or higher, you can finance
the entire property purchase price. You may even qualify to finance
some of your closing costs.
Call us and we can tailor a program to meet your
and guide you every step of the way home. So, even if you don't
have money for a down payment, but you have a credit score of 600
or higher and good employment history, you can say yes to homeownership.
(Must be single family home - no manufactured homes are eligible.)
Our two main programs:
A+ Program - Credit score of 680
- You may be allowed to borrow up to 103% ! This
allows you to cover your closing costs and/or pre-paid escrows.
- Payments will remain stable on a 30 year fixed
rate loan.
- Sellers can contribute to closing cost expenses.
- Save your cash for investment or new furniture
and appliances.
- (No bankruptcies in the past 7 years - no manufactured
homes)
B+ Program - Credit score of 600
- You may be able to borrow up to 100%.
- This allows you to borrow the entire loan amount
and use your savings for your escrows and pre-paids.
- Seller can pay towards closing costs expenses.
- Must provide good rent history. No late payments
on rent or previous home. No Bankruptcies in the last 2 years
and must have re-established credit.
- If you meet the above conditions and want a
free pre-qualification Click Here
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