Zero Down Payment

Yes, there are Home Buyer Programs that can get you into a home with ZERO Down Payment! And we have had plenty of buyers take advantage of it. Now you will need a deposit which can be as low as $1,500 and you will also need closing costs but there are programs that you can utilize to cover the down payment as well. If you are tired of renting and paying your Landlords Mortgage, you can definitely get into a home with very little out of pocket.  

Here's a little info about about how you can qualify for the down payment assistance program here in Bakersfield, CA. A Product of CalHFA

• Anual Income no more than  $118,000
• Gives you a 2nd for Down Payment
• 2nd Does not have to be paid right away
• 2nd Only has to be paid before you sell your home
• Assistance is 3.5% of purchase price

For Example

• 
  
• - Sales Price $200,000
• - Down Payment is 3.5% / $7,000
• - With CalHFA, you come in with ZERO Down Payment

Maybe your thinking “Ok, yeah so what?! What if I don’t qualify? Because for I’ll have to put down 20% right?” No, you are in luck. You don't need that much money to become a homeowner.

We are here to squash that major home buying myth for you. Because if we can open the door to homeowner possibilities to more of our community, that would be so amazing. Nothing breaks our heart more to see people renting a home that they could easily be buying for less than what they are paying in rent. It's this beginning hurdle they need to get past. 

These are the Most Common Down Payments

1. Conventional Loan

Down Payment as low as 3%

Low rates for borrowers with excellent credit. No limits on income, area, or occupancy type.

2. FHA Loan 

Down Payment as low as 3.5% 

Flexible guidelines, more forgiving on credit than conventional, lower interest rate, no reserves required for 1 to 2 unit properties. Down Payment Assistance programs available for ZERO DOWN.

3. USDA Loan

NO Down Payment required. Flexible with Credit. (Income restrictions, eligible areas only)

4. VA Loan

Must be a Veteran. No Down Payment required. Flexible credit guidelines. 

Help us spread the word and squash the misconception that you must have 20% down to buy! Did you think that? Did you know all of the info above? Let us know please 

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