Making Home Ownership Dreams Come True with 100% Financing Mortgages
We do not believe that saving for a down payment should be overpowering reason you put your dreams on hold. We will work with you to help you find your dream home with a limited down payment mortgage loan. You will, not only, be able to afford a home sooner, you will probably be able to afford more home. With a limited down payment mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you have saved. For most buyers, this means qualifying for a larger loan.
Buying a home is something we all dream about, usually for years. You may have saved money for a down payment, but just do not have enough saved to buy your dream home.If that is the case, a piggyback loan may be the option for you. Different than a limited down payment mortgage, a piggyback loan is actually two mortgages.The first mortgage is for 80% of the purchase price.The “piggyback” loan (or second mortgage) covers the shortfall between the purchase price and your down payment savings.
With a USDA loan, there is one small problem with it;
The area you want to purchase your house must fall into what is designated "Rural property." Buckeye, Maricopa, Queen Creek, New River, Anthem, and other outlying areas are deemed rural. Parts of Goodyear, Surprise, Apache Junction, Gilbert, Laveen, etc. are also in that area.
The following criteria is needed to qualify for a USDA Loan:
Annual Income is under $73,000
purchase a house in an approved "RURAL" area
Must be able to provide a full Documentation for approval,
You will be approved for 102% financing! 100% to the purchase of the house, and 2% to payoff the Mortgage Insurance Premium.
With some sharp and proper contractual negotiations to get closing costs... you can get close the house for nothing down. Basically purchasing the home can be done with very little out of pocket expense. If all the conditions and documentation are correct and everything is written and approved correctly, the only expenditure would be property inspection and the appraisal. Again that is assuming a straight forward owner occupied and purchase transaction and no out of the ordinary documentation or financing issues, the selling side.
But it IS possible (I have done it!)
Let us help you explore all your mortgage options. We look forward to helping you!
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"KLCSLOANTEAM and Korene Clopine-Seaman are a mortgage team that invests itself with their client's and referral partners business. They are just not providing mortgage information, education and services, they have built relationships in our business and invested in providing services that helps us deliver our core mission to provide the services that meets our client's needs in line with our company culture and values"
W. J. Bradley Mortgage Capital LLC. is a direct mortgage lender with lending authorization for Conventional, HUD, FHA, VA, USDA, and Jumbo real estate loans lending with offices in various locations focusing on providing to the people in the communities we serve throughout the United States mostly in the Southwest. We are available to help borrowers achieve the dream of home ownership and assist them as they take advantage of today’s real estate investment opportunities and mortgage rates.
The KLCSLoanTeam and the support staff are highly trained in all of the various loan products currently available. We are well prepared to answer any questions you may have about buying a home or to assist you with analyzing your current home loan. Simply put, we are here to help you make informed right-fit mortgage decisions.
The customer experience is our number one priority. Communication is a very important part of our business model and our unique loan process, and our investment in technology reflects just that. We have mastered the ability to effectively communicate with all parties involved on each and every transaction keeping everyone up-to-date from the first phone call through funding. Our goal is to use all of our resources to make your transaction as smooth and efficient as possible.
With the experience, resources and exceptional service standards, you will see why we deliver…simply better home loans as we are working to serve our customers, clients, and referral partners. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.
W J Bradley Mortgage Capital LLC NMLS# 3233 9237 East Via De Ventura, Suite 100 Scottsdale, AZ 85258 Direct Office Phone:(623) 340-0934 Fax: (623) 218-1807 AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; FHA Approved
*Korene L. Clopine-Seaman is working with and as the Team Manager of KLCSLoanTeam. She is licensed to originate mortgages in Arizona and California: AZ LO-0916745 CA: DOC-218520
