0.5% FHA Low Down Payment Program
Making Home Ownership a Reality!
Our lender partners offer a loan program with a 0.5% percent down payment to help low to moderate income borrowers achieve home ownership.
Photo by RDNE Stock project from pexel
*0.5% FHA Low Down Payment Program:
- Total financing of up to 99.5% of the sales price or appraised value, whichever is lower
- 30 year fixed rate FHA loan
- Down payment and closing cost assistance via a low, fixed-rate second mortgage (up to 3% of the sales price or appraised value, whichever is lower)
- No first-time homebuyer requirement
- Homebuyer education is required
Example of 99.5% total financing utilizing the program is based on the combination of a 30-year-fixed rate FHA first mortgage and a 15-year fixed rate second mortgage.
* subjected to program availability
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ and surrounding area, we hope you will consider us. Contact us today for complimentary consultation.
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