Zero Down Financing…California Style

You want your own home.  A place to call your own.  But saving the massive amount of money necessary for a down payment, when you are trying to pay the astronomical price of rent, is just impossible. ..or so it seems.  There is actually some solutions that can work, if you align your self with the right problem.   Executive Home Loan, can help you find those solutions:

Call us today at: 1-949-304-3676 to learn more.

FHA LOANS

FHA LOANS

FHA Loans (Low Money Down)

FHA Loans are a popular choice for people looking for a low money down home financing solution. With FHA Loans, qualified borrowers can buy a home with as little as 3.5% down at closing.

Conversely, most conventional mortgages require at least 10% or 20% down.  Without the cash, a borrower has to pay private mortgage insurance (PMI).

It is not a life of the loan payment, it can be cancelled when  the homeowner obtains at least 20% equity in their home, but it can be a costly making purchasing the home a stretch.

FHA loans also require mortgage insurance premiums, but the cost of FHA mortgage insurance is usually much lower than PMI. Talk to one of our loan team professionals for more information and to crunch the numbers.

Call  1-949-304-3676 to learn more

VA LOANS

VA LOANS

VA Loans ( 100% Financing )

For those who have serviced the country, another solution is a USDA Loan. At a 100% financing for their home purchase, it is the perfect solution. With a USDA Loan, eligible borrowers can finance the purchase of a home that is located in USDA-approved areas. These areas are typically on the outskirts of cities in areas that are less developed.

The USDA Loan program was designed to help low- to moderate-income individuals and families achieve homeownership while also encouraging growth in rural parts of the country. Not all homes will be eligible for USDA financing. Check with your real estate agent or look at the USDA’s Property Eligibility Map to determine if a home you’re interested in is located in a USDA-approved zone.

Call  1-949-304-3676 to learn more

OTHER SOLUTIONS

OTHER SOLUTIONS

Other Solutions

These are not the only solutions possible.  Executive Home Loan can offer alternative loan sources, refinancing options and conventional loans.

Call  1-949-304-3676 to learn more