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Zero Down Mortgages

$0 Down is Back - No Money Down - Seller Paid Closing Costs

by Brian Petrelli 2. April 2010 15:47

I was just notified by a lender that our clients now have access to a true $0 Down Mortgage - Really!

This is NOT a government program like Fannie Mae or CHFA. This is NOT restricted to specific counties.

Here is what it IS:

  • Up to 100% Loan-to-Value
  • Conventional financing with no Private Mortgage Insurance (PMI) required
  • Non-traditional credit is acceptable
  • Fixed interest rate
  • Low down payment options
  • Funds required to close may be a grant, a gift from a family member, or provided through a Down Payment Assistance program
  • Max 3% Seller Contribution allowed and can be used towards closing costs or prepaid items.
  • 1-month reserve required for principal, interest, taxes, and insurance (PITI)

We can get you into this program AND get you the Tax Credit. You Need To Be Under Contract By April 30th for the Tax Credit!

Give us a call and get started: 303-817-0209

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The Brian Petrelli team focuses on residential real estate in the Metro Denver area.

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