Ever wanted to own your own home and didn't have enough for the down payment? Well now you can, thanks to the new Home Ownership Made Easier(HOME) mortgage from BBVA. This product is designed to make the move from renting to buying as easy and affordable as possible.
Here are the benefits and requirements for this new product listed below:
- Borrow 100 Percent! That's right, up to 100% Loan-to-Value for certain transactions(requires a $500 contribution from borrower's own funds)
- BBVA will contribute up to $3,500 towards closing costs and other assistance.
- No Private Mortgage Insurance (PMI). One less thing to worry about.
- Minimum credit score of 620 is required.
- Borrowers may use Seller Contributions, Gift Funds from a relative, or funds from a BBVA approved Down Payment Assistance (DPA) program to help qualify.
- Loans available with a variety of terms.
- No income limits apply when the property is located in a Low to Moderate Income census tract for Bexar County and San Antonio. Ask your Local Agent for a map.
If you want to take advantage of this 100 Percent Financing Program, contact Jerry today at 210-789-4216 for more information and let him help your Dreams of Homeownership become a reality in time for the up coming holidays.
Here is one of my listings that is located in the Northeast San Antonio area that qualifies for this product.
Nearby properties for sale