100% FINANCING,
$0 MONEY DOWN MORTGAGES
- ONLY AVAILABLE until October 15th, 2008
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100% financing along with 40 year amortizations, with all mortgage lender's
will be discontinued as of October 15th, 2008]
After that date a minimum of 5% down payment will be required.
Maximum amortization will be 35 years.
ALL PRE-APPROVALS for 100% financing
will be honoured and the rate locked in for 120 days.
Secure online application
APPLY NOW
Having some trouble saving up 5% of the
purchase price for a home? We deal with mortgage lenders that will allow you to
borrow up to 100% of the purchase price based on your good credit and stable
employment. So you don't need a down payment, you only need enough for closing
costs. You may even qualify for our Cash back
mortgages.
Minimum Requirements for a 100% financing, $0 down
payment mortgage or Cash Back:
- Beacon (FICO) score of 620 for all mortgage
applicants with a minimum of 3 years on the credit bureau
- No late or late payments in the last 12
months (24 is better)
- Minimum mortgage amount is $100,000
- Two to three years of stable employment in
the same industry with proof of satisfactory income
- 45% of income can go to service the mortgage
debt and property taxes instead of the normal 40%
- Property being purchased must be close to a
major urban area, zoned residential and complete (no fixer uppers!)
- Past bankruptcy will be considered after
discharged for 24 months and if credit has been re-established
Imagine, home ownership is a realistic possibility
even with no money down!
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