Buy A Home With Little Or No Money Down

Maybe you owned a home before and are presently renting; or you're a first time home buyer and need a way to break into the housing market but lack the required minimum down payment; or you you simply do not want to liquidate your financial assets to use as a down payment on a home. Well, regardless of your situation, if you want to get into or re-enter the housing market with a low amount, or even without a cash down payment at all, then this strategy may be just what you're looking for.

Now you can realize the dream of owning your own home with little or no down payment and closing costs.

That's right, zero cash down payment and closing costs. Here's what is required to qualify for the Zero Cash Down Payment Program.

1.  An excellent credit history. 
• No recent history of bad debts. no bankruptcies or consumer proposals.consistent and timely payment of liabilities
2. Limited liabilities.
• You will be required to disclose and will be evaluated on your current and future debt servicing ability. (ie. car loan/lease, credit cards, helocs,etc.)
3. Proof of two years of stable employment, ie. a letter of employment from your employer, CRA Notice of Assessments and three years financial statements for self-employed.
4. Properties under the program have to be average or above average properties. No less than average; fair condition or fixer-uppers
• Acceptable property types: detached or semi-detached home, freehold and condominium town homes
• Maximum 2 units
• Owner occupied only

It is important to note that not all properties qualify for the Zero Cash Down Payment Program. Ensure you get an accurate picture of what properties may or may not be included in this program, in your particular area, contact myself, Steven Porter, Mortgage Agent or your Realtor.

Benefits of the Zero Cash Down Payment Program

No Down Payment

Are you are renting? Why pay your landlord's mortgage? Why not reap the benefit of building your own equity? The general perception of many would-be home buyers and even some Realtors® is that a minimum down payment of 5% is required in order to purchase a home. This is not always true. Many home buyers feel they have to save for years to have enough money for a down payment so they can eventually enter the housing market. In the meantime, they are lining someone else's pockets paying rent went they could start building equity of their own.

Buy a Home Now!

With the Zero Cash Down Payment Program you don't have to wait to purchase a home. If the need for a cash down payment is keeping you from owning your own home, this program offers you an immediate way to get into the housing market.

Approved Lender Program

It is important to know that the Zero Cash Down Payment Program is an approved program through reputable lenders. Review this program with me or your Realtor®.

Note, certain terms and conditions may apply.

Steven Porter, Mortgage Agent - Mortgage Architects, www.StevenPorter.ca