NO Downpayment Mortgage Financing Is Back

NO Downpayment Mortgage Financing Is Back

Home affordability is at a all time low since rates are still great. Home prices are reasonable in the Las Vegas, Nevada area. Waiting periods to purchase after a short sale, bankruptcy or foreclosure have been greatly reduced. In addition, a new program allows you to finance 99.5% of your home purchase. Yes, 0.5% is the down payment but look at it at as minimal or virtually none. 

Example: Our current pool home listing located at 5033 Via De Fortuna Way listed at $170,000. With an $850 down payment, the payment including principal and interest is $880.70.



*Example of 99.5% total financing utilizing the NHF FIRST DOWN Program is based on the combination of a 30-year fixed-rate FHA First mortgage and a 15-year fixed-rate NHF FIRST DOWN SECOND MORTGAGE. The payment on a $164,050.00 30-year fixed-rate loan at 4.50% and 96.5% loan-to-value (LTV) is $831.70 with the annual Percentage Rate (APR) is 4.825%. The payment on a $5,100.00 15-year-fixed-rate CFH FIRST DOWN Second Mortgage at 8.25% is $49.48 with an APR of 10.016%. Total monthly payment is $880.70. Some state and county maximum loan amount restrictions may apply. Actual rate may vary. This is not an offer for extension of credit or a commitment to lend and is subject to change without notice. Certain restrictions apply on all programs. Contact Sharon Newton for lender contact information that can give complete program guidelines, loan applications, applicable fees and APRs.


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Phone: 702-526-2298
Dated: April 16th 2014
Views: 12,530
About Brenkus: Rick and Teri Have been top producers for over 30 years in the Las Vegas area and have been ranked i...

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