5280 Financial Groups Exclusive 0% Down Purchase Program: A Game-Changer for Homebuyers
Tired of Putting Off Buying Your Dream Home?
Are you tired of postponing your dream home purchase because of the daunting task of saving for a down payment? Ask us about our 0% Down Purchase home loan program, designed to help you get into your new home without the need for an upfront down payment.
Benefits of the 0% Down Purchase Program
- Keep Cash on Hand for Expenses: Maintain your financial flexibility by keeping your savings intact.
- Fast Closings: Enjoy swift closing times, usually within an average of 20 days.
- No More Rent: Stop answering to a landlord and start building equity in your own home.
Exclusive Partnership with United Wholesale Mortgage (UWM)
5280 Financial Group, Inc. has teamed up with United Wholesale Mortgage (UWM) has a solution that could turn your homeownership dreams into reality sooner than you think. We are offering an exclusive 0% Down Purchase program, designed to help more borrowers get into a home with no upfront down payment.
How the 0% Down Purchase Program Works
This program offers borrowers a 3% down payment assistance loan, up to $15,000. Here’s how it works:
- Second Lien Mortgage: UWM provides a second lien mortgage for 3% of the purchase price, up to $15,000.
- No Monthly Payments: This second lien has no monthly payment requirement and no interest.
- Flexible Repayment: The balance is due when the first lien loan is refinanced or paid off, whichever comes first. Payments on the second lien can be made throughout the loan term but are not required, offering borrowers maximum flexibility.
Program Requirements:
To qualify for the 0% Down Purchase program, borrowers must meet the following criteria:
- Income Limit: Borrowers must be at or below 80% of the Area Median Income for the property location.
- First-Time Homebuyer: For loans with an LTV greater than 95%, up to 97%, at least one borrower must be a first-time homebuyer and meet HomeOne® and UWM’s guideline requirements.
In conclusion, UWM’s 0% Down Purchase program is a game-changer, especially for those who find the hurdle of a down payment challenging to overcome. With this program, 5280 & UWM is helping to make the dream of homeownership a reality for more people.
Ready to make your dream of homeownership a reality without the burden of a down payment? Contact us today to learn more about our 0% Down Purchase home loan program and take the first step towards owning your new home.
