No Down Payment Mortgages

• Lender provides you with your 5% down payment upon closing
• For buyers that have good credit ( Minimum 680 beacon score) but may not have enough down payment save
• Gives you the option to use your existing down payment to pay off higher interest rate debts thus saving you money
• Ability to purchase a home as long as you have 1.5% of the purchase price saved for closing costs
• 5 year Fixed term required at posted interest rate, however after 5 year term you are free to choose your own term and rate and even move to another lender
• Flexible prepayment options allowing lump sum payments of up to 15% each year during first 5 years as well as 15% payment increases if your wish to pay down faster