loanDepot’s New FHA Down Payment Assistance Program: A Helping Hand for Homebuyers
loanDepot has unveiled a groundbreaking initiative, the AccessZERO program, designed to empower homebuyers with zero down payment options. This innovative program eliminates the financial hurdle of a substantial down payment, paving the way for first-time homebuyers and those with limited savings to realize their dream of homeownership.
How AccessZERO Simplifies Homeownership
The AccessZERO program provides down payment assistance in the form of a repayable second mortgage, extending over a convenient 10-year period. This assistance can cover up to 5% of the home’s purchase price or appraised value, whichever is less.
Key Benefits of AccessZERO
- Enhanced Affordability: By eliminating the upfront down payment requirement, the program significantly reduces the financial burden on homebuyers.
- Expanded Homeownership Opportunities: AccessZERO opens doors to homeownership for individuals who may not have been able to afford it previously.
- Economic Empowerment: A thriving housing market fueled by increased homeownership contributes to a stronger overall economy.
Eligibility Criteria
To qualify for the AccessZERO program, potential homebuyers must meet the following criteria:
- Minimum credit score of 600
- Fulfill all FHA loan requirements
Embrace Homeownership with HomesinSDCounty | Coldwell Banker
Embark on your homeownership journey with expert guidance from HomesinSDCounty | Coldwell Banker. Our experienced real estate agents are committed to helping you navigate the process seamlessly and effectively, ensuring you find the perfect home that aligns with your needs and preferences.
Contact us today to learn more about the AccessZERO program and how we can help you achieve your homeownership aspirations.
HomesinSDCounty | Coldwell Banker
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