Even if you don't work near a military base, you may still be serving military families.
If so, have you checked into the no-down home mortgage opportunity they have through the Navy Federal Credit Union?
Borrowers have to be members - and all members of the military, their families, plus certain non-military federal employees - such as those who work for the Department of Defense - are eligible.
This loan is much like VA - but the funding fee is only 1.75%. There's no mortgage insurance and seller concessions of up to 4% are allowed. The program is primarily for first time homebuyers, but there are exceptions. The loan limit is $600,000.
This no-down program was available a few years ago, then discontinued for a couple of years. Your buyers may not realize that it's back, so tell them to check into the Home Buyers Choice Mortgage.
Get the details at the Navy Federal Credit Union Site...
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