Whether you’re a real estate agent helping clients land their dream home or a homebuyer looking for a breakthrough moment, the 0% Down Purchase Program could be the golden opportunity you’ve been waiting for. This program is opening doors for buyers by eliminating the biggest barrier—the down payment!
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What’s in it for Homebuyers?
Imagine this: You can now qualify for up to $15,000 in down payment assistance without any interest and no monthly payments on the second lien. All that’s left is to focus on your first mortgage while saving extra cash for home repairs, furnishings, or emergency funds. Sounds like a dream, right? This program is a fantastic option for first-time homebuyers or those who qualify under income limits.
What’s the Catch? (Hint: It’s Great News)
• No Monthly Payments: You won’t have to make monthly payments on the second lien.
• No Interest: The second lien won’t accrue interest.
• Pay Later: The second lien is due only when you sell, refinance, or complete your first mortgage.
What’s in it for Real Estate Agents?
As a real estate agent, offering this zero-down option to your clients can be a major selling point. It helps clients who thought homeownership was out of reach move into a property sooner. By presenting this option, you’ll not only give your buyers a competitive edge, but you’ll also build trust by offering solutions that make homebuying more affordable.
Why It’s a Game-Changer
With 3% down payment assistance, this program is perfect for homebuyers and agents looking to close deals faster:
• Get into homes quicker: No need to spend years saving for a down payment.
• More cash in hand: Buyers can hold onto their savings for renovations, furniture, or emergencies.
• Access for more buyers: Home Possible® guidelines make this a great option for underserved buyers.
Who Qualifies?
• Income Eligibility: This program is designed for homebuyers with an income at or below 80% of the Area Median Income (AMI).
• Extra Benefits for Lower Incomes: Those earning below 50% of AMI may qualify for additional credits.
• First-Time Buyers Welcome: No first-time homebuyer requirement here, but if you are new to homeownership, you’ll need to complete some educational courses to qualify.
Agents and Buyers: Let’s Make it Happen!
If you’re a homebuyer looking to purchase with zero down, or a real estate agent wanting to offer your clients a fresh and competitive advantage, this is the moment to act! The 0% Down Purchase Program can help unlock the door to homeownership without the financial strain of a hefty down payment.
Ready to learn more about this exciting program? Reach out today to see if you qualify or to offer this incredible option to your clients. Let’s make the dream of homeownership a reality!