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Buy A Home With Zero Down

December 20, 2010

Buy A Home With Zero Down

The Zero Down payment Program offers you a way to buy a home with no down
payment. That's right - Zero Down Payment! You may have held back from buying
because you thought you needed a substantial down payment. Or, you may be in
the position where you do not want to liquidate your financial assets to use
as a down payment on a home. Regardless of your present situation, you want a
way to get into or to re-enter the housing market without having to make a
cash down payment. The Zero Down payment Program may be just the answer you
need. Here's what is required to qualify for the Zero Cash Down payment
Program.

Program Qualifications

1. An excellent credit history with no recent history of bad debts and
consistent and timely payment of current liabilities.

2. Limited liabilities

3. You will be required to disclose all current liabilities you have in
order to determine how much more debt you can carry. (i.e. present car loan,
credit cards, etc.)

4. At least 2 full years of employment stability. You will be required to
show proof of employment for the past 2 years, i.e. a letter of employment
from your employer or financial statements for the past 2 years if self-
employed.

5. The financial ability to carry larger monthly payments

Without a down payment you will be required to meet the obligation of larger
mortgage payments. Your monthly payments could vary from a few to several
hundred dollars more per month.

It is important to note that not all properties qualify for the Zero Cash Down
payment Program. To ensure that you get an accurate picture of what properties
may or may not be included in this program in your particular area, it is
advisable to review the terms of the program with your Realtor.

Benefits of the Zero Cash Down payment Program

No Down Payment -- If you are renting, why pay your landlord's mortgage?
Why not reap the benefit of building your own equity? Are you renting because
you are held back from owning your own home because you think you need a
substantial down payment? The general perception of many would-be-home buyers
and even that of some Realtors is that a substantial down payment is required
in order to purchase a home. This is simply not true. Because of this
perception many would-be-home-buyers feel they have to save for years before
they have enough money for a down payment so that they can finally enter the
housing market. In the meantime they are lining someone else's pockets, while
waiting a long time before they can start building their own equity. Well,
with the Zero Cash Down payment Program you don't need a down payment to buy a
home.

Buy a Home Now! -- If needing a down payment is keeping you from owning
your own home, this new program offers you an immediate way to get into the
housing market. With the Zero Down payment Program you don't have to wait to
purchase a home.

Approved Bank Program -- It is important to know that the Zero Down
payment Program is an approved bank program. Review this program with your
lender or Realtor who has specialized knowledge in financing and can assist
you with the Zero Cash Down payment Program.

We have helped a number of buyers purchase their first home or investment
property with Zero Down. Please call or email us if you would like additional
information about how you can get started with Zero Down.

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David Gallup

RE/MAX 200 Realty
Each Office Independently
Owned and Operated

954 S. Orlando Ave.
Winter Park, FL 32789

(407) 629-6330 x215
(800) 458-6863 x215

About David Gallup

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