100% FINANCING


100% FINANCING.

via 100% FINANCING.

For true 100% financing (no down payment), there are two remaining loan types: Veteran loans and Rural Housing loans. 

 

 

VA GUARANTEED HOME LOANS FOR VETERANS AND RESERVIST

 

More than 27 million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.  CLICK HERE for an on-line reference guide.  I have originated VA loans for 13 years.  Call me and I will walk you through the process and I will order your Certificate of Eligibility. 

This online pamphlet is designed to help veterans planning to purchase or construct homes, particularly those veterans who intend to finance with Kentucky VA home loans.

 

 


USDA RURAL HOUSING LOANS

 

Don’t let the program name fool you.  Many homes in our area are eligible for 100% financing with USDA Rural Housing loan program.  There is an income limit associated with this loan product so call me to determine if your household income qualifies.  CLICK HERE to see if a particular property address qualifies for this type of financing.

  


LOW DOWN PAYMENT OPTION 

FHA has a low down payment of 3.50% of the sales price.

Acceptable documented sources for this down payment include:

Checking and savings accounts

401K or other retirement plan withdrawal or loan

IRS or State income tax refund

Bonus income from employment

Gift from a relative or close friend

Loan from a relative or friend

Sale of a documented item such as a car, motorcycle or boat

Cash value from life insurance policy

Secured loan (not a personal loan)

Inheritance

Money awarded from a law suit

Grant from State or City when available.

DOWN PAYMENT ASSISTANCE

The State or City in which you want to purchase may have down payment assistance available.  Please ask me for details.

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