Jump Start - 100% FHA Financing

Jump Start - 100% FHA Financing

Are you considering buying a home but need a JUMP START? We now offer 100% FHA financing for eligible homebuyers – meaning you could put ZERO down with an FHA loan. 

The best part? You DO NOT have to be a first-time homebuyer or have perfect credit to qualify. 

Here’s how it works:

Eligible homebuyers receive an FHA loan with a second Down Payment Assistance (DPA) loan for 3.5% or 5% of the sales price or appraised value to cover the down payment requirement, or to help with closing costs.

Enjoy flexible options for the second loan – Forgivable, interest free with no monthly payments (3.5% option) OR amortized for 10 years (3.5% or 5% options).

Eligibility requirements:

  • NO First-time Homebuyer requirement.
  • NO Household income limits.
  • Low credit requirement (Minimum of 620).
  • Flexible DTI requirement.
  • Homebuyer Education required.

Ready to learn more? Contact one of our loan officers today!
 

Essex Mortgage National Homebuyers’ Fund (NHF) Down payment Assistance Program. Additional restrictions, guidelines and loan limits may apply.
 

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