$0 Down Home Loans
Prior to the housing crash in 2007, $0 down home loans were readily available. After the crash, with the exception of VA loans, zero down mortgage loans went away. Today, they are slowly coming back. My preferred lender has a great program that will let you buy a home with no money down.
The Supreme 100 No MI with Community Second is a 0% down payment conventional loan with 1% in closing cost assistance! And No Mortgage Insurance!
$0 Down Mortgage Loan Basics:
- 97% 1st lien with 4% down payment assistance 2nd lien
- Minimum Credit Score 660
- Purchase, 1-unit primary residence
- Loan amounts up to $484,350 ($726,525 in high balance areas)
Call 303-564-4055 to learn more.
How $0 Down Home Loans and The Buying Process Work
Contact Nathan – Call me at 303-564-4055 for a complimentary initial consultation or to answer any questions you have about Colorado real estate or how my preferred lenders’ no money down home purchase program works.
Getting Qualified – I will have my lender contact you to determine how much your are qualified for. He will let me know, then we will start you home search.
Determining Your Wants and Needs – Now that you know how much home you can afford, you need to iron out your other criteria. I always encourage buyers to make two lists – The things you absolutely need and the things that you want to have. Often times, your wants and needs will change after we have looked at a few homes.
Touring Homes – Once you are qualified and know what you are looking for, we can start looking at homes! Initially we will look at all of the available homes that match your criteria. If you do not find a home you would like to make an offer on, don’t despair – new homes come on the market all the time. Now we will want to watch the market and as soon as a new home matching your criteria is listed we want to look at it as soon as possible. You can easily set the search features on this site to instantly send you a notification when new homes that match your criteria come on the market (of course if you don’t want to do this, I am happy to set up searches that will notify you)!
Making An Offer – When you find a home you would like to make an offer on, we will do several things. I will pull comps so that we know how much we should offer. I will prepare and explain the contracts we will use, then present your offer to and negotiate with the listing agent or seller.
Going Under Contract – Once your offer is accepted, I will deliver your earnest money, we are underway and you are one step closer to getting into your own home with a $0 down home loan. If the additional 1% loan covers all of your closing costs, you will get your earnest money back at closing.
Inspections, Appraisals and Title – You will need to schedule an inspection, which I will accompany you on. After the inspection we will discuss the results and if necessary, I will complete an Inspection Objection which we will send to the seller. The Lender will schedule an appraisal to ensure that the property is worth what you are offering. The seller will order a title commitment for our review. I will keep you updated regarding the status of the inspection issues, the appraisal, and any other issues or items that need to be addressed.
Closing – I will attend closing with you. Here, we will sign all of the necessary documents to transfer the property, your $0 down home loan will be funded and you will receive keys for you new home!