No down payment home loans for less than perfect credit

Nothing home loans are almost extinct. No down payment purchases for buyers with low FICO scores or bad credit are even harder to find. There’s no arguing that underwriting guidelines have gotten stricter recently, and for good reason. Defaults and foreclosures are at an all-time high. The bad paper got to a point where Wallstreet said emphatically, “NO MORE.” When this happened, the mortgage bankers and lenders began to pull out en masse. The high number of foreclosures caused a general tightening in mortgage lending leaving many homebuyers out in the cold. Many of these would be homebuyers who have become discouraged and given up on buying a home. Well, now there’s a reason for prospective homebuyers to hope, even when their FICO scores aren’t the best or they have less-than-perfect credit.

Now there is a way that a buyer can get into a house without paying anything. Yes zero down, no money down and this is available with low credit scores. There is a program available that will allow all closing costs to be included in the loan amount, allows all prepayments to be included in the loan amount, including prepaid mortgage insurance, and allows for a down payment assistance program.

This program is excellent and there is no better market than this one to offer such a great product. There is no application fee, so it won’t cost the borrower anything to see if they can be approved. Before the mortgage boom, it was hard to get a no down payment purchase with less than perfect credit. Now, with this program, a borrower can get their dream home with no down payment and as low as 500.

This special loan program is available nationwide and is offered with no application fee.