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NEW! 0% Down Program (Fact or Fiction) Sacramento Real Estate
Manage episode 421767543 series 3321976
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This new 0% down program has broken the internet by first time home buyers across the country but is it all hype. Today we go over this program and how it compares to other programs available and if this is a game changer in the Sacramento real estate market.
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" Down payment assistance programs continue to be valuable resource for homebuyers across the country. To help our partners grow their business and better serve borrowers, we offer an exclusive 0% Down Purchase program. Simply put, qualified borrowers receive a 3% down payment assistance loan, up to $15,000, from UWM. This allows our partners to help more borrowers get into a home right now with no down payment. " UWM
Here's how it works:
First lien mortgage meets LTV requirements
UWM provides a second lien mortgage for 3% of the purchase price, up to $15,000
Second lien has no monthly payment requirement and no interest
Second lien balance is due when the first lien loan is refinanced or paid off, whichever comes first
Payments on the second lien can be made throughout the loan term, but are not required
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📌 *INTERESTED IN MOVING TO SACRAMENTO, CA? CLICK HERE TO GET A FREE RELOCATION GUIDE* https://contact.buyorsellrealestatenow.com/sacramentorelocationguide
*OR CHECK OUT THIS FREE FIRST-TIME HOMEBUYER GUIDE!* https://contact.buyorsellrealestatenow.com/first-time-homebuyer-guide-markmcdonoughteam
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Timecodes
0:00 - Intro
1:50 - Income Restrictions
5:33 - Jobs Requirements
8:02 - Define First Time Home Buyer
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📒 Show Notes and Resources 📒
Mark McDonough
DRE#02016066
Coldwell Banker
916.245.0562
http://MarkMcDonoughTeam.com
New Way Mortgage, Inc. dba The New Way Home
NMLS 1939382 CA DRE #02112174 Equal Housing Opportunity
Aaron Clowes NMLS 200900 CA DRE 02113379
Jennifer Remedios NMLS 281014 CA DRE 01727611
#sacramento #realestate #sacramentorealestate
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