At Open Mortgage, we offer a number of low and no money down financing solutions including FHA loans, VA mortgages, USDA rural housing loans, HomeReady, Home Possible Advantage, and several home renovation products.
VA Loans: Available for qualifying active duty servicemen and women in the US military, veterans, and eligible surviving spouses. Down payments as low as 0%.
USDA Rural Housing Loans: Designed to encourage homeownership for middle and lower income borrowers in USDA eligible areas. Income restrictions may apply. Down payments as low as 0%.
FHA Loans: Low money down solutions for first time home buyers and repeat buyers. Down payments as low as 3.5%.
HomeReady: Low money down program from Fannie Mae. Down payments as low as 3% and much of the down payment and closing costs may come from gift funds, grants, or community seconds (where available).
Home Possible Advantage: Freddie Mac program which requires 3% down payment. Similar to HomeReady in that gift funds and may be used to help cover some of the down payment and closing costs.
FHA 203K Loans: This home renovation loan program requires low money down and borrowers may be able to finance the costs of eligible improvements and repairs.
Call today for a free consultation and to learn more about our different low and no money down home financing options.
A better mortgage. A brighter future.
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