No Money Down OR & CA

Archive for the ‘First time home buyers’ Category

Last week, Congress voted to extend the First Time Home Buyer Tax Credit for an additional six months for any service member that served at least 90 days overseas. This is an excellent development for our VA Guaranteed Loan clients, not only can you get a mortgage with no down payment, no mortgage insurance, and expanded credit underwriting, but, if they are a first time home buyer, they also qualify for the up to $8,000 tax credit. Read More

VA Guaranteed Home Loans are available to veterans with at least three months active, honorable, service or six years of Reserve or National Guard service. They are also available for active duty members under certain circumstances. Read More

It used to be that if you were applying for a 100% USDA Rural Guaranteed Mortgage, you couldn’t have more than $5,000 left over at closing because the main purpose of the loan was to help people purchase homes in “under” served areas with no money down. That restriction has changed for this USDA no money down program. Read More

Did you know that if you have 3 months active duty in the Reserves or National Guard you may be eligible for a no money down 100% financing VA loan? You don’t have to wait until you serve 6 years before you are eligible for a VA Guaranteed Loan. Read More

There has been some questions as to if you qualify for the $8,000 First Time Homebuyer Tax Credit if you are financing a home purchase with a USDA Rural Guaranteed Loan. The answer to this is: YES, as long as you qualify for the tax credit. Read More