Are You Searching For No Money Down Home Loan Mortgages?

There currently aren't any no money down home loans available. If you need home loans with no money down, zero down home loans or no money down loan programs, the best we can offer at this time is 1/2% down payment. (currently only available through FHA's down payment assistance program). We invite you to click on any of the links or pictures below for more detailed information on these 1/2% down home loan mortgages.

CHF "ACCESS" LOAN SCENARIOS

$325,000 Purchase

1st trust deed - 96.5% $313,625

2nd trust deed - 3% 9,750

Total of Loans $323,375

Borrower Down Payment $1,625.00

*Seller can pay up to 6% of the Selling Price toward Closing Costs.

$325,000 Purchase with Gift Funds

1st trust deed - 96.5% $313,625

2nd trust deed - 3% 9,750

Total of Loans $323,375

Total Gift Amount (4%) $13,000

Down payment 1,625

Closing costs $11,375

Total Out of Pocket zero

Minimum credit score required 580

Maximum income allowed of $89,880 (2011)

Allowable debt ratio up to 47% depending on credit scores and two compensating factors

No reserves required

Gift funds, 401k funds and Grants are OK

Seller contributions up to 6% of selling price OK

2nd trust deed is a 15 year fixed @ 8.25% fully amortized loan

Program Only available in California

*subject to program availablity and current guidelines