October 27th, 2021 10:45 AM by Elizabeth Washburn
LOAN THIS MONTH: CAN I PURCHASE WITH NO MONEY?
Read time: 48 sec
My client thought the best program would be the USDA loan which requires no down payment, but the USDA program looks at household income, not borrower income, so they were quickly disqualified. Instead, by working hand in hand with some awesome sellers, we were able to offer my client a FORGIVEABLE second mortgage at ZERO interest for three years with NO payment and no funds at closing. They paid for an appraisal and credit report only. Sound too good to be true? It’s not!
Here are a few guidelines
If this sounds like something that *might* work for your purchase in Georgia, let’s brainstorm as to whether you're a fit. Send me a text or call me at 678-467-2330. Elizabeth Washburn