We have discovered a Nationwide Lender who is offering 100% Financing. One of our clients, approved for over $600,000 on the program in the Chicago area, just closed (Summer 2016) and had a great experience! This is common sense underwriting. Don't confuse this type of product with the no money down loans of the predatory lending era.
Why would you want to finance a home with no money down? You may have money working for you in other investments that you don't want to touch. You make a good income and have a great job and would have no problem handling the mortgage payment. There is an 'opportunity cost' to your money and keeping it where it is is better than taking it out and using it as a down payment on your home.
This is NOT a VA Loan that is only available only to Veterans or Veterans and Spouse. This program is open to anyone who can qualify under it's guidelines. It only takes a phone call to our lending partner to find out if you qualify. Rates are good, loan limits are high and this may be just the program you need to move you into your next home.
We would love to work as your real estate broker on your next purchase of a home. Contact us at 224-805-2616 or visit us at www.MovingTheFoxValley.com. Give us a call and we can put you in touch with a local Lender or Nationwide Lender who can help determine which loan product is right for your current needs.
Would you like to see a short video on this subject? Click on the link below:
100% Financing (NOT VA) Available in 2016/2017
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About Randy Schulenburg: The Managing Broker of Schulenburg Realty, Inc. located in St. Charles, IL, he has been serving the real estate needs of the communities in which he serves since 1993. His extensive background in financing and real estate is a great combination for anyone looking to purchase property in the NW Suburbs of Chicago. He may be reached directly at (224) 805-2616 or by email at Randy@Schulenburg.com.
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