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Realtor®/Consultant Keller Williams™ Realty (918) 808-0224 E-mail Contact |
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100% financing programs with no PMI have now been discontinued for non first-time homebuyers with the majority of lenders nationwide due to the escalating sub prime lending fiasco currently going on in the marketplace.
Good news though... I did find a loan program still available for a short period of time where you can still obtain 100% financing.. but with PMI (private mortgage insurance) the catch is you must gross less than $52,000 / year. With this program it does not matter if you are a first time homebuyer or not.
There is also currently state bond money available with 3% down payment or closing cost assistance but you must be a 1st time homebuyer or not have owned a home in the past 3 years. Income guidelines apply.
The only other way left to obtain 100% is to go on a FHA futures program, and according to several lenders I have spoken with, that program may be going away soon also.
I recommend if you are currently interested in purchasing a home with no down payment ( 100% financing) that you put it on your priority list because you cannot reserve any of these with your lender unless you have a contract on a home (new construction or existing).
If you need a Realtor® to help you find that special home, I am available to provide you quality service you deserve. Feel free to call me direct at (918) 808-0224, or e-mail me.
You may visit my profile at www.gildakrantz.com
Thank you for your time.
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Realtor®/Consultant Keller Williams™ Realty (918) 808-0224 E-mail Contact |
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Currently there is State Wide Bond Money Available through the Oklahoma Housing Finance Agency, who has been helping place people in homes since 1976.
If you are a first time homebuyer or if you have not owned a home in the past 3 years and meet the income requirements, you may very well qualify to purchase your own home with 3% down payment or closing cost assistance from the State with competitive interest rates.
This is a great opportunity and I want to help you take advantage of achieving the homeownership dream. You can use this special financing to build a new home or buy an existing home and you can even use your VA eligibility.
Firemen, policeman and teachers are even eligible for financing without being a first time homebuyer (some area restrictions may apply). Email for more details.
For more information on this wonderful opportunity, please give me a call direct at 918-808-0224 or send me an email and I will contact you.
Current interest rates for State Bond Money
Income limits and eligible lenders
Closing cost or down payment assistance info
Oklahoma Housing Finance Agency website, www.ohfa.org
Note: You do not have to be a first time homebuyer if you purchase a home in designated target areas. The first time homebuyer requirement only applies to non-targeted areas.
Note: If the income or first-time homebuyer qualification does not apply to you, I have other financing resources that will allow you to purchase a home with zero down payment and or assistance with closing costs. Email or call me for more details.
Happy House hunting!
Regards,
Gilda Krantz-Smith
Realtor®/Consultant
Keller Williams™ Realty
(918) 808-0224
E-mail Contact
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