Buy a Home With Zero Cash

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Program Qualifications

1. A good to excellent credit history

• No recent history of bad debts (two years) 
• Consistent and timely payment of current liabilities

2. Limited liabilities

You will be required to disclose all current liabilities in order to determine how much more debt you can carry. (i.e. present car loan, credit cards, etc.)

3. At least 2 years of employment stability

You will be required to show proof of employment for the past 3 years, i.e. a letter of employment from your employer or financial statements for the past 3 years if self-employed.

4. The financial ability to carry larger monthly payments

Without a down payment you will be required to meet the obligation of larger mortgage payments. Your monthly payments could vary from a few to several hundred dollars more per month.

Under the Terms of the Program You Can Purchase Many Types of Properties

They include:

• Detached or semi-detached homes
• Free-hold town homes
• Condominium homes

It is important to note that not all properties qualify for the Zero Cash Down Payment Program. To ensure you receive an accurate picture of what properties may or may not be included in this pro-gram in your particular area, it is advisable to review the terms of the program with your Realtor®.

Benefits of the Zero Cash Down payment Program

1. No Down payment

If you are renting, why pay your landlord's mortgage? Why not reap the benefit of building your own equity? Are you renting because you think you need a substantial down payment? The general perception of many would-be-homebuyers, and even some Realtors®, is that a substantial down payment is required to purchase a home. This is simply not true. Because of this perception many would-be-home-buyers feel they have to save for years before they have enough money for a down payment. In the meantime, they are lining someone else's pockets instead of building their own equity. With the Zero Cash Down payment Program you don't need a down payment to buy a home.

2. Buy a Home Now!

If needing a down payment is keeping you from owning your own home, this new program offers you an immediate way to get into the housing market. With the Zero Cash Down payment Program you don't have to wait to purchase a home.

3. Approved Bank Program