Items Tagged with 'Zero down payment mortgage'

ARTICLES

  • Real estate startup ZeroDown secures $100 million to buy San Francisco homes for its customers

    Buys chosen property, asks no down payment, and leases property to customer
    Real estate startup ZeroDown, which launched earlier this year, boasts a unique business model. Aiming to help more people become homeowners in the pricey San Francisco Bay Area, the company removes several of the largest hurdles from the homebuying process, namely the down payment and mortgage, and buys homes for its customers outright. When the company launched in June, it had $30 million in its coffers, and now, the company is ready to expand after securing $100 million in debt financing from Credit Suisse.
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  • Zero down payment loans are now available for real estate investors

    Hard Money Sources will allow investors to finance 100% of real estate purchases
    Hard Money Sources, which connects borrowers and lenders in the private investment and hard money marketplace, announced this week that real estate investors can now get a loan to cover the entire value of their investment. That’s right: as much as 100% of the loan-to-value ratio.
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  • Monday Morning Cup of Coffee: Gloves come off in Warren vs. Mulvaney

    CFPB architect accuses acting director of being evasive and misleading about agency
    The battle between Sen. Elizabeth Warren, D-Mass., and CFPB Acting Director Mick Mulvaney just hit a whole other level. Warren, the architect of the CFPB, accused Mulvaney of ignoring or providing “evasive, misleading, or incomplete answers” to more than 100 questions asked of him by Democrats about the CFPB's activities. But Warren’s letter isn’t just tough talk. As the kids say, she’s got receipts.
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  • Flagstar rolls out zero-down mortgage with closing cost aid for low-income borrowers

    Bank will also provide up to $3,500 for closing costs
    Flagstar Bank is targeting low- to moderate-income borrowers with a mortgage offer that’s seemingly too good to be true. The program, which Flagstar introduced earlier this week, requires no down payment from the borrower and also provides the borrower with closing cost assistance. Here are the details.
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  • PhysicianLoans rolls out $750,000 mortgages with no down payment, for doctors only

    Lender says physicians maintain near perfect delinquency rate
    PhysicianLoans, an Ohio-based mortgage lender that specializes in loans for medical professionals, announced recently that it is now offering a $750,000 mortgage with no down payment requirement and no private mortgage insurance. The loan is available to medical doctors, dentists and veterinarians, only.
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  • Land Home Financial Services rolls out zero down payment mortgages

    Lender will gift borrowers 5% to be used for down payment, closing costs
    In the last few years, several lenders unveiled ultra-low down payment mortgages, with some requiring no down payment from certain borrowers. Now, another lender is rolling out a zero down payment mortgage of its own – Land Home Financial Services.
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  • BancorpSouth now offers zero-down mortgages

    Program limited to certain borrowers, but requires only $500 from borrower
    Over the last few months, a growing trend is emerging, as lenders of various sizes begin to offer certain borrowers the opportunity to get a mortgage loan with a down payment of 3%, or less. BancorpSouth is joining that trend by now offering zero-down mortgages to certain borrowers. Here are all the details.
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  • Waterstone Mortgage unveils zero-down, 20-year, adjustable rate 'wealth building' loan

    Loan program designed by AEI's Stephen Oliner and Edward Pinto
    The "Wealth Building Loan" requires no down payment, and offers eligible borrowers a 7/1 adjustable rate mortgage with a 20-year amortization. Waterstone said that the "Wealth Building Loan" also eliminates monthly mortgage insurance payments nearly four years sooner than a 30-year conventional loan with a 3% down payment.
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  • San Francisco Federal Credit Union unveils zero-down jumbo mortgages

    No requirement for mortgage insurance either
    Citing the struggle to save money that many San Francisco residents face due to the city’s skyrocketing housing costs, one local lender is going to extreme measures to try to help area residents buy a home. San Francisco Federal Credit Union's new loan program will allow San Francisco-area borrowers to finance up to 100% of their mortgage – with no requirement for mortgage insurance – on loans up to $2 million.
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