LOW DOWN PAYMENT OPTIONS - LOCAL MORTGAGE PARTNERS

RENTERS: What are your PAIN POINTS?

Landlord decided to sell in the middle of your lease?
Ever increasing rent?
Add-ons keep costing more? (Garage/pets/higher floor)
Loud neighbors(loud music, fighting, banging on walls, making noise while you want to sleep, dogs barking or other animals making noise)?
Smells coming from other units that you can’t make go away(ever put a car freshener on their wall?)?
Worried your neighbors may burn down the building accidentally & you are homeless?
Not fixing your broken items for months, then somehow making you pay for the fix?
Having to park your car outside, and scrape the windshield off all winter?
Pet surcharges?
No yard for your puppy?
Garage Surcharges?
Living on 3rd floor, and having to climb all those stairs every day, with groceries, etc.?
Scared to have groceries delivered and being stolen before you get them?
Craziest recent one I have heard: Giving a sample of your dog’s poop, so the apartment can take a DNA sample, then fine you if you don’t pick up the dog poop!
Worst one: When you realize you are paying for the building that the landlord gets to own, also realizing they are telling YOU what to do the whole time! TAKE THE POWER BACK!

PRO TIP: On a home loan, you are allowed to have up to 4 borrowers, they are called co-borrowers!
- OR, a few can buy the house, then have roommates as well.
- This way, you get to own the house, and still have lower costs by sharing the expenses between more people. You could have a $5,000 house payment, and 4 owners, where you each only have to pay $1,250!

Here is how we get you into a house for $1,000 down! The $1,000 minimum is a requirement of the DPA program!

#1 PIECE: First Mortgage
- 97% (Conventional has 3% required down payment)
- 96.5% (FHA has 3.5% required down payment)
#2 PIECE: DPA Grant or 2^nd Mortgage
- Pays for the down payment of 3%(Conventional) or 3.5%(FHA) + sometimes extra funds to go toward your loan fees
#3 PIECE: GETTING YOUR LOAN FEES PAID BY SELLER!
- Your Real Estate Agent & Mortgage Broker handle this negotiation for you, based on the program you qualify for! This is the MOST IMPORTANT piece, getting the seller to pay your loan fees in order to get your total out of pocket to $1,000!