Zero down payment loans are designed to offer home ownership opportunities to borrowers with good credit, but who lack the ability or the desire to make a down payment on a home. It provides an option for those who wish to invest their savings and assets other than their home.
This type of financing is popular among both first time home buyers and experienced home buyers and I can help you use zero down payment loans for a purchase or a refinance. While you are not required to make a down payment, certain lending guidelines require that you have certain amounts invested into the transaction. These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant, or sale of assets you own. The source of the funds allowed are dependant upon the loan program requirements. I can be reached at 773-255-5989 or joe@joespisak.com
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