Buy a Home with No Money Down | Charlotte NC First Time Home Buyers
No Money Down Home Purchase Loan | Charlotte NC
- Buy a Charlotte area home for NO MONEY DOWN using 100% financing with No Down Payment required. No restrictive Charlotte NC down payment programs are necessary. That’s right….ZERO down payment and no down payment programs for Charlotte home purchases!
- There is no PMI! This can reduce monthly payments by hundreds of dollars.
- Available for home purchases up to $510,400.
- This resource is applicable for home purchases anywhere within Mecklenburg, Union or Cabarrus counties in North Carolina or York, Lancaster and Chester counties in South Carolina. Other Charlotte area down payment programs can greatly restrict where you can buy and live!
- There are no restrictive limits on household income or Charlotte home purchase prices. Other down payment programs severely limit the amount of income in order to qualify!
- NEW FOR 2020! For all counties other than the ones listed above and/or for clients who make less than 100% of the HUD Median Income, we now offer 100% financing with no down payment and no PMI down to a 660 credit score. And we can offer 97% financing (i.e., 3% down payment required) also with no PMI down to a 640 credit score! Contact us for details!
Zero Down Home Purchase Eligibility | Charlotte NC
- Minimum credit score for home purchase loan must be 680 or higher
- Must have been employed for the past two years
- Must meet debt-to-income ratio requirement of 45%
- Must not own a home or investment property. Home sellers in Charlotte NC are also eligible!
This is perfect for the growing family or Move Up buyer in Charlotte NC planning to sell a Charlotte area home and buy another, making it a great option for both buyers and sellers.
Buyers can benefit by having no required down payment, or by using down payment in conjunction to lower their monthly mortgage costs with a lower loan amount AND having no PMI!
Sellers can benefit when counting on proceeds from the sale of their home by having additional flexibility on what they can net since there will be no down payment requirement on the purchase of their next Charlotte area home! We can establish a marketing plan to accomplish both of these goals for the Charlotte area move up home buyer.
If this exciting Charlotte area home purchase resource interests you, Contact Us and we’ll let you know how you may qualify to purchase a home in Charlotte and surrounding area for no money down!