Are you dreaming of owning a home but worried about the upfront costs? With the rising expenses of down payments and closing costs, many potential buyers feel like homeownership is out of reach. But with Best Option Mortgage’s 100% Financing FHA Program, your dream can become a reality—without the financial stress.
What is the 100% Financing FHA Program?
Best Option Mortgage’s 100% Financing FHA Program is designed to help buyers like you purchase a home without the need for a hefty down payment. This program offers 100% financing, meaning you can finance the entire purchase price of your home. Additionally, it goes up to 101.5% CLTV (Combined Loan-to-Value), which can help cover closing costs or other expenses associated with buying a home. Available in 11 states, including California, Florida, and Texas, this program makes homeownership more accessible than ever.
Why Choose the 100% Financing FHA Program?
No Income Limits: Unlike other programs that restrict eligibility based on income, the 100% Financing FHA Program has no area median income limits. This means you can qualify regardless of your earnings, making it a great option for a wide range of buyers.
Lower Credit Score Requirements: Even if you have a lower credit score, you may still qualify. With a minimum FICO score of 600, this program is designed to help more buyers achieve their homeownership goals.
Flexible Financing Options: The program offers two second lien options—one with 0% interest and deferred payments, and another that can help cover additional costs like closing fees. This flexibility ensures that the program can be tailored to meet your unique financial needs.
Quick and Easy Closings: Worried about long wait times? Unlike other programs that require extra approvals, the 100% Financing FHA Program allows for fast closings, helping you move into your new home sooner.
Not Just for First-Time Buyers: Whether you’re buying your first home or upgrading to your next, this program is available to all eligible buyers. You don’t have to be a first-time homebuyer to take advantage of this incredible opportunity.
How This Program Benefits You
The 100% Financing FHA Program is more than just a loan—it’s a pathway to homeownership that removes the traditional financial barriers. Here’s how it can benefit you:
Own Your Home with Little to No Money Down: Say goodbye to the stress of saving for a large down payment. With this program, you can finance 100% of your home’s purchase price, and even cover some of your closing costs.
Affordable Homeownership: By offering lower credit score requirements and flexible financing options, this program makes it easier for you to qualify for a mortgage, even if you’ve been turned down elsewhere.
Fast and Simple Process: No one likes waiting. With the quick closing process offered by this program, you can go from dreaming about your new home to living in it faster than you might think.
Broad Eligibility: This program isn’t just for first-time buyers—whether you’re moving up, downsizing, or buying your dream home, the 100% Financing FHA Program is here to help you achieve your goals.
Conclusion
Homeownership doesn’t have to be out of reach. With Best Option Mortgage’s 100% Financing FHA Program, you can turn your dream of owning a home into a reality—without the financial burden of a large down payment or high closing costs. Don’t let financial challenges stand in your way. Explore this program today and take the first step towards owning the home you’ve always wanted.
Start your journey to homeownership now with Best Option Mortgage’s 100% Financing FHA Program—because your dream home is closer than you think.
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Best Option Mortgage is a DBA of ML Mortgage Corp. ML Mortgage Corp. is a state-licensed mortgage lender, NMLS ID #362312, licensed by the CA Department of Financial Protection and Innovation under the Finance Lenders Law, License #60DBO69831. For other states, visit www.mlmortgage.net. To verify licenses, visit www.nmlsconsumeraccess.org. All loans are subject to credit approval and acceptable collateral. Additional terms and conditions apply. Programs, rates, terms, and conditions may change without notice. Not all programs are available in all states. There is no guarantee that all borrowers will qualify. Restrictions may apply. This is not a commitment to lend. © 2024 ML Mortgage Corp. All rights reserved.