Zero Down
A zero down loan is good when you don't have enough cash to pay your closing costs and make a down payment on the purchase of your home.
Zero down programs allow you to buy your home now, instead of waiting to save enough for a down payment.
There are several options available for buying a home with zero down.
- VA is a government insured loan that will allow 100% financing. Norstar Mortgage is a Certified VA Specialist.
- RHS also known as Farmers Home will still allow 100% financing. There are income and geographical restrictions.
Some zero down programs allow you to borrow 6 percent of the purchase price to pay your closing costs. Ask your loan officer if you qualify for any of these programs.
Please contact a Norstar professional for more info on either of these products.
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