100% Financing – No Money Down Home Buyer Program

One shortcoming with the down payment assistance programs available in the Charlotte NC area is that if your yearly income exceeds the maximum allowed for the program you selected, you won’t qualify to get financial help for your down payment and/or closing costs. Each home buyer program and grant has its own income guidelines, but in general, if you make $87,500 per year or less, there is a good chance we could help you qualify for a home buyer program to purchase a home in the Charlotte area.

If you make more than $87,500, a down payment assistance won’t work but we have a home buyer program that offers 100% financing, no money down loan that could be a good fit for you. With this no money down home buyer program, there is no income maximum. And there isn’t a monthly PMI (Private Mortgage Insurance) to pay either, which could save you hundreds of dollars per year on your mortgage payment.

This no money down loan program can be used to purchase a home selling for $453,100 or less and this program is available in Mecklenburg, Cabarrus and Union County.

How qualify for this no money down, 100% financing home buyer program?

In order to qualify, you will need a good credit score – 680 or above. Even though you can’t own another home and use this program, if you are selling your home and buying another one at the same time, you could qualify for this home buyer program.

For more information and to see if you qualify for this program, give us a call today or fill out the form below so we can contact you.