Zero down loans enable California
home buyers to finance 100 percent of their home purchase price.
Zero down loans may be available for both owner occupied properties
as well as investment properties.
Many home buyers have been under the
false assumption that buying a home in California required a down
payment of 10-20%. Not so! In fact 100 percent financing is
quickly becoming the norm for purchasing a home.
With 100 percent financing (or zero
down loans), home buyers may finance 100 percent of the home
purchase amount. Typically, an escrow deposit is required (
but that deposit is credited toward closing costs. It is not
part of the loan, and it is not required by the lender.
Zero down loans can either be one
loan of 100 percent, or 100 percent financing can be in the form of
the popular 80/20 loan. The 80/20 loan is simply an 80 percent
first mortgage and a 20 percent second mortgage.
Your Midas Financial loan
consultant will be able to assist you in determining what type of
zero down loan
may work best for you and your family.
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City State Zip
-Est. Income per month (add all borrowers)
-Est. Monthly Bills Excluding Rent/Mortgage
Rate Credit Past BK Self Employed
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