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No Money Down |
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About No-Money-Down Financing...
Many buyers in our area are able to buy a home with 100% financing, though there will be the cost of a loan application fee and appraisal fee (usually around $400 total).
The home must be outside the Jonesboro city limits.
There are also buyer guidelines, for instance the buyer cannot currently own other real estate. There are also income limitations and other buyer guidelines.
Closing costs can be financed, or Rick can negotiate for the seller to pay these for the buyer.
Lenders set the interest rates for these loan and they are typically very good rates. Loans are for 30 years.
Currently, a middle credit score of 620 is usually good enough to qualify for this loan.
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