Categories: FHA

100% Financing for 1st Time Homebuyers – Your Path to Homeownership Starts Here!

Are you searching for first-time homebuyer programs with 100% financing? Look no further! Buying your first home is an exciting milestone, and we’re here to make it easier than ever. With our 100% financing options, you can become a homeowner without worrying about a hefty down payment. Whether you need a forgivable or repayable assistance option, we have a solution tailored for you!

What is 100% Financing?

Our National FHA 100% Financing Option provides a 30-year fixed FHA first mortgage combined with Down Payment Assistance (DPA). This means your entire down payment can be covered, making homeownership more accessible and affordable!

Top Benefits of Our First-Time Homebuyer Program:

✔️ No Down Payment Required – Eliminate the biggest obstacle to homeownership.

✔️ Flexible Credit Score Requirements – Minimum 580 credit score needed.

✔️ Multiple Down Payment Assistance Options – Choose from forgivable and repayable second mortgage options.

✔️ No Income Restrictions – This program is available to a wide range of buyers.

✔️ Use Funds for Down Payment & Closing Costs – Reduce out-of-pocket expenses.

✔️ Non-Occupant Co-Borrowers Allowed – Increase your buying power with a co-borrower.

✔️ Earnest Money Deposit (EMD) & Appraisal Reimbursement – Get refunded for upfront costs.

✔️ Easy Loan Lock-In After Approval – Secure your rate and financing.

Your Down Payment Assistance Options

You have three flexible DPA choices:

3.5% Forgivable Second Mortgage – No repayment required! This soft second mortgage is completely forgiven after a set period, giving you a head start on building equity.

3.5% Repayable Second Mortgage – A 10-year repayment option with manageable payments.

5% Repayable Second Mortgage – Provides even more assistance with repayment spread over 10 years.

Important Considerations

Best for buyers with a 660+ credit score and seller concessions to optimize pricing.

The rate on the repayable second lien is 2% higher than the first lien.

Loan must be borrower-paid with a max 2% compensation.

Homebuyer education is required to ensure you’re fully prepared for homeownership.

Why Choose Our 100% Financing Home Loan Program?

This program is designed to help first-time homebuyers step into their dream home with confidence. Whether you’re looking for a zero-down payment mortgage, down payment assistance programs, or FHA home loans, we have the right solution for you.

How to Qualify for 100% Financing

1️⃣ Have a minimum 580 credit score.

2️⃣ Meet DTI requirements per AUS.

3️⃣ Get DU approval for your loan.

4️⃣ Complete homebuyer education.

Apply Now & Achieve Homeownership!

Don’t let a down payment hold you back—explore your 100% financing options today! Take the next step toward buying your first home with a mortgage designed to fit your needs.

Questions? We’ll Put You
On A Right Path!

Buying or refinancing can be a daunting task, let us give you the options that best benefit your needs.

Make an Appointment

+786 622 2224

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vmalendingcom

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