Residential Group offers a No Money Down – No Down Payment loan program that allows buyers to purchase a home for about the same out of pocket costs as moving into a rental. The combination of today’s low Interest rates and great home prices make mortgage payments affordable.
Program Highlights :
- No Down Payment Needed
- Rates Fixed for 30 Years
- No Mortgage Insurance Required
- Loan Qualification in 15 minutes
Minimum Loan requirements:
- 640 Minimum credit score
- On job or same industry 2 years
- First time home buyer or not owned a home for 3 years
- Past bankruptcy ok with 2 years seasoning
- Earn less than $74,000 per year for family of 4 or less
- Earn less than $95,000 per year for family of 5 or more
- Must qualify under maximum debt ratios
Try this loan program before you try an FHA loan because it can save you $100’s in mortgage insurance payments you pay each month.