Zero down payment mortgage is a Mortgage loan offered by only some lenders that offer a 5% cash back, that can be used towards the down payment.
It helps realize the dream of home ownership even before the down payment has been saved.
If you are currently renting and prefer to own your own home, but you haven’t been able to save enough for your down payment, this is your chance call now
To qualify for a Zero down payment mortgage you to have good credit (read below), a steady source of income that can show your capacity to repay the loan, (we’ll do the math together) and savings of about a 1.5% of the value of the property that you are seeking to purchase
These mortgage loans are not available for borrowers that:
- Are prior bankrupts, consumer proposals, collections or repossession
- Have high credit cards or other consumer loan debt with no assets and no evidence that they can save
- Have no assets to show for the length of their working career
Visit also low credit score mortgage
* Subject to availability
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