From the desk of Kate Fruscione, Public Relations Strategist at CAP COM Federal Credit Union.
Are you currently house hunting, or thinking about buying a home soon? Line up your financing in advance, so your dream home becomes a reality.
If you have a good credit rating but need money for a down payment and closing costs, 100% financing may be worth a look.
Here are some of the top reasons homebuyers choose a 100% financing solution.
- Dramatically reduce the cash you need up front (down payment, closing costs).
- Close on your new home before selling your current home.
- Private mortgage insurance (PMI) costs may be lower than FHA loans.
- In a tight housing market, improve your chances of winning a bidding war.
- The money you would ordinarily need for a down payment can be used for renovations, or to pay down debt.
Our 100% financing* solution is particularly appealing because it is a conventional loan (fixed- or adjustable-rate) without a location restriction or income threshold. 100% financing is just one of many mortgage solutions to consider.
Pre-qualify for your loan in as little as 15 minutes; this is your ticket to making an offer. Then, let us manage loan details and paperwork through to closing.
To get started, please contact us.