Bank of America offers its Neighborhood Champions Program nationwide, with 100% financing for police, fire, nurses and teachers as well as workers in hospitals, doctors' offices, schools and civilian employees with police and fire departments. Email for information.
USDA Rural Development offers the Guaranteed Rural Housing Loan Program with 100% financing/no down payment/no mortgage insurance/no cash reserve/no buyer minimum cash contribution/no minimum credit score needed/will do. High ratios/borrower can finance all closing costs and repairs if any/ NO federal recapture or prepayment penalty/ loans are purchased and sold in secondary markets/ no imposed fee structure on lenders.
National Home Trust Corp. offers the National Home Buyers Assistance program, an Innovative lease-to-own program that allows buyers to get in the home of their choice immediately while aligning them to purchase the home in 12 months, using part of their rental fee as down payment. NHBA helps them to repair or weather whatever hindrances they are presently experiencing. Excellent for those who are credit challenged, don't have enough for down payment, pending divorce, self-employed, under employed, etc.
Comments