Yes there are still Zero down mortgage financing options

ImageWith all the changes the mortgage industry has gone thru, there are still have 2 options for Zero down payment loans:


  1. VA financing– this is for the purchase of a primary residence for those active duty or retired military. See attached flyer.











  1. USDA Rural Housing– allows for Zero down payment for the purchase of an owner occupied property. Buyer can not own any other real estate. Household income guidelines must be met based on county of property location and household size. Eligibility based on property location.


First Place Bank is committed to doing mortgage lending and doing it right!!


If you want to close more sales in 2014 :

1.      Insist all your clients are preapproved before showing them any properties

2.      Refer your clients to an experienced loan officer who has the support of a strong lender



About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.
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