How to Find a Zero Down Home
Is a down payment keeping you from buying your own home? Down payments are expensive and can run in the tens of thousands of dollars. Because of the down payment, buying a home is prohibitively expensive to a lot of people.
But opportunities to purchase a home for little to no money down are few and far between. Oftentimes, it is hard to find information on buying a zero down home in McDonough.
What is a $0 down payment?
When you see a $0 down payment option, it’s just as it sounds. 100% of your mortgage is financed, so no down payment is required. That means no upfront investment. Your lending institution will take into consideration your credit score and other factors when deciding whether to 100% finance your home. Most lenders set 620 as the lowest credit score for zero down mortgages.
Which Loans Qualify for Zero Down?
There are several types of loans that qualify for zero down. These include:
- VA loans
- USDA loans
- Loans from private lenders
Each type of loan has its advantages and qualifying criteria.
Advantages of Buying a Zero Down Home
There are a lot of great advantages to buying a zero down home including:
- You don’t have to wait until you’ve saved up enough money to buy a house
- You don’t have to deplete your savings for a down payment
- You won’t have to pay mortgage insurance
- Government-backed loans come with better terms
Whatever the reason you decide, zero down mortgages are a great way to purchase a home.
Buying a McDonough Home with Little to No Money Down
With our exclusive program, you can purchase a home with little to no money down.
Why waste tens of thousands of dollars on a down payment when you can get a home without one? You can then use that money for renovations, repairs or updates. Or you can put that money towards moving costs and fees associated with buying a new home. Whatever you decide to do with the money, it’s there in your pocket.
To gain access to our special report titled “How to Buy a Home With Little Or No Money Down”, call us at (404) 882-8200, contact us here, or fill out the form below. Don’t wait – get started on buying your zero down home in McDonough today.