Kentucky Home Loans

How No Down Payment Mortgages Work

Available No Down Payment Mortgage Loan Programs

Loan Checklist Documentation That  You Will Need

Closing Cost - How Much You Will Need To Bring To Closing

No Down Payment VA Loans For Military Veterans

First Time Homebuyer Tips

Mortgage Payment Chart - See  Your Monthly Payment

Damaged Credit Mortgage Loans - Loans Available For People With Bad Credit

Dos and Don'ts While Your Loan Is In Progress

Mortgage Terms - You Need To Know These

Loan Application - Apply For A Loan Now

Who Else  Wants A Great No Down Payment Mortgage Loan?

No down payment is No problem when you choose a 100% financing home loan program. Why wait years while you scrimp and save in order to come up with the typical 10%-20% down payment required on standard conventional loans? With a no down payment home loan you don't have to wait.  Apply for a loan now and you can be living in your dream house in as little as 30 days!

 Stop Making Your Landlord Rich!

In 2005 43% of 1st time buyers used a $0 down-payment mortgage to buy real estate. Without a doubt this financing program turns renters into home owners. We want you to be in the current statistic of renter turned home owner. Why continue to waste money paying rent when you can put that money into building your own financial empire. Start reaping the benefits of home ownership and stop making your landlord rich!

What You Should Know Before You Apply

Before you apply for your "no down payment" mortgage real estate loan there are a few important points you should know:

1. Generally your credit should be good

2. Bankruptcies should be discharged for at least 2 years and you should have re-established some credit.

3. No mortgage insurance options may be available. Mortgage insurance can really jack your monthly payment up so this is definitely a big plus. Our special report "No Money Down House Strategies That Can Save You Thousands" talks about this.

4. You will not have to pay a down payment on the house but you will still have loan closing cost that will have to be paid at closing. Closing cost generally will range from 3.5% - 4.5% of the loan amount. However, in most cases, these closing cost can be paid by the seller. click here  to see how this is done. 

5. No down payment mortgage loans are deemed as a higher risk class for lenders because the borrower is not contributing any equity into the property. Therefore, the interest rates on "no down payment" mortgage loans are usually higher than conventional Freddie Mac/Fannie Mae loan programs which require a down payment.  However, you do not have to pay mortgage insurance on most no down payment home loans so even if the rate is higher your monthly payment may still be lower.

6. No down payment programs are generally only available for homes which will be used as your primary residence. No investment properties.