Rural Development guaranteed loans are slowly starting to lose their allotment for this year. In an area where this lending source is prevalent, this presents a challenge for those buyers who are looking for a ZERO DOWN program for their home purchase. There is an option left out there for ZERO DOWN.
Veterans' Administration Loans
100% financing for purchase
No down payment required
No monthly mortgage insurance
Low closing costs
Low fixed rates
First Place Bank in Traverse City has staff that is experienced in VA loans.
If you qualify for a VA loan, you also qualify for Homes for Heroes
Homes for Heroes offers Realtor , lender, title company and other associated discounts from local businesses. Call today to for more information about the program or register on line
Christine Stalsonburg, Broker/Owner
Cherry Wings Realty
231-409-4140
I think everyone, no exceptions, should be required to put at least 10% down in order to buy a home, and no amount of refinancing should ever be able to get to that 10%. The only way to get it back is to sell the house. That would encourage people to buy a home, live in it, raise a family in it, retire in it, and even die in it, and that would be good for the country.
Good reminder Christine!
Good post!