FHA Announces New One Half Percent Down Payment Loan Been looking at homes for sale in Las Vegas, but just don’t have any extra cash? If you or someone you know has been struggling to come up with the down payment and closing costs for a mortgage, we have great news. There is a new FHA Announces New One Half Percent Down Payment Loan that may be your answer.
FHA Announces New 1/2% Down Payment Loan!
You could literally get into a home with no money at all! This new mortgage loan program is a combination of a 96.5% FHA first mortgage and a 3% second mortgage. The seller is allowed to pay all of the buyer’s closing costs, AND the 1/2% down payment can even be gift funds from a relative or close friend. The interest rate is a little higher than the standard FHA loan, but you can have a non occupant co borrower to help you qualify. Basically this loan is designed for credit worthy purchasers to buy a home with little to no funds out of pocket.
FHA Announces New One Half Percent Down Payment Loan
But of course it can be hard to find a seller who will pay all a buyer’s closing costs in this low inventory real estate market. That’s where our preferred Ratliff Real Estate Group RE/MAX lender. We are members of the exclusive AWM NOW program which has ZERO lender costs AND low interest rates. There are no “garbage” fees for underwriting, processing or loan origination with this program, and AWM’s rates are as low as any in town. This can make your offer much more attractive to a seller by saving them literally several thousand dollars, and help you beat out the competition.
To find out more about the FHA Announces New One Half Percent Down Payment Loan and how it can help you get into the home of your dreams, please call our Concierge Desk at 702-508-8262 or go to Las Vegas Mortgages.
Call 702-508-8262 and ask to speak with Las Vegas Mortgage Lenders FHA Announces New One Half Percent Down Payment Loan Robert Ratliff at Ratliff Realty Group RE/MAX. Top world class property for sale branding Internationally. Combining our marketing with RE/MAX and our website “Las Vegas Real Estate Authority” and we have you covered!