Purchase a home now with Zero Down

There are now many fixed rate programs that offer 100% financing, but most forget that there are still closing costs and escrow that need to be included. This amounts to roughly 3% of the purchase price. When purchasing a home with zero down, a buyer will be closer to a sellers asking price upon asking for up to 3% from the seller to pay for closing costs and pre-paids. Most programs allow the seller to contribute 3-6% back to the buyer.

• This helps the buyer keep a savings for repairs or remodels when they move into their new home.
• Financing this into the mortgage increases a buyers tax deduction instead of financing this onto a credit card that is not tax deductible on interest.
• Sellers also benefits with immediate tax write-offs and a faster sale.