A new home ownership program allows qualified buyers to buy a home with a zero or very low down payment.
You may have owned a home before and are presently renting, or maybe you are a first time homebuyer and need a way to break into the housing market, but held back because you thought you required $10,000, $20,000 or even more for a down payment.
Well, regardless of your present situation, if you want to get into or re-enter the housing market with a lower amount, or even without a cash down payment at all, then this new program may be just what you're looking for.
It is a Catch-22 situation. You cannot buy a home because you don't have enough down payment ; You don't have enough down payment because you have to pay a big part of your income in rent. If you are currently renting and trying to accumulate enough down payment, you have two options:
• Keep paying your Landlord's mortgage, by paying rent while trying to save the required down payment
OR
• Buy your home using this program and start building your equity now.
As with any good program, not everyone is eligible to gain the benefits of this wonderful program. Let us figure out if you are eligible under this program.
