It’s all well and good for buyers that rates are still crazy low and prices have not yet started to climb. But what if you don’t have any money for a down payment? Everyone knows there aren’t any zero down mortgage programs anymore. And the low down payment mortgages have super expensive mortgage insurance tacked on to the monthly payment right?
Well I came across two programs this week from two major (and seemingly stable) banks that might just offer a great boost to qualified buyers who would love to own a home but don’t have a lot of cash.
One program is offered by Wells Fargo (many of you know one of my favorite clients is a loan officer at Wells Fargo). So I asked Ryan Carroll to send over some information. Check out his flyer here: Removed at request of Wells Fargo. He also sent me an interesting loan comparison chart that you can access here: Removed at request of a Wells Fargo.
Merrick H. Tam with Key Bank brought another program to my attention this week. I’ve never worked with Merrick so I can’t vouch for him, but he did take the time to call me and let me know about what seems like a great option for buyers. View his flyer here: Key Bank Flyer.
Please don’t hesitate to give me a call if you are curious about the process of buying and would like to find out if it’s an option for you.