We want your money… just not too much of it. Just take a look at how little we ask for up front on a home loan .
In fact, we make sure that our rates give qualified people the best possible chance to buy a home. This means rock bottom numbers like:
- 96.5% financing for first time home buyers
- 96.5% financing with no limit on credit collections
- 96.5% financing if you are in consumer credit counseling
- 96.5% financing 3 years after foreclosure on FHA loans
- 100% financing on VA loans
- 96.5% financing if you are in a Chapter 13 Bankruptcy for the past year and paying on time with a minimum credit score of 620
- 96.5% financing on FHA loans with credit scores as low as 620
- 95% conventional financing with credit scores as low as 680
- Interest-only payment options for up to 15 years
Credit is the fuel that makes the American economic system go, and we’re passionate about giving responsible people who are obvious candidates to be responsible homeowners the ability to buy a home. For many potential homebuyers, this couldn’t happen without low down payments.
But perhaps more important is how we dole out such friendly financing carefully. After all, as we saw recently in the nationwide housing collapse, many predatory lenders trapped unwitting homebuyers in loans they obviously couldn’t afford—loans that padded those lenders’ bottom lines at great risk to both the individual homeowners and the larger economic system.
To prevent this, we work tirelessly to educate our customers about their options and responsibilities, help simplify what can be a very complicated process and system, and match our customers’ capabilities to the most helpful, least risky forms of financing available.
Here’s just a bit of the reading we recommend about home purchase down payments :
- Everything you need to know about mortgage insurance
- Some advantages and disadvantages about using gifts and 401k contributions for a down payment
- Information about down payment grant programs
- Basic guidelines about how to decide whether or not you qualify for a loan
- A list of state housing and financing authorities from around the nation
The last thing we want, for our sake, your sake, and the country’s sake, would be to contribute to the foreclosure crisis. Contact our Dallas home loan experts —we’ll help you finance a house the right way.
Tags: down payment, foreclosures, Home Loans, home purchase, homebuying advice, mortgage resources