100% Financing with FHA Loans - Perfect for First-Time Homebuyers!
Are you ready to unlock the door to your dream home? At Best Option Mortgage, we are excited to offer a fantastic opportunity with our FHA 100% financing program. This program is specifically designed to make homeownership accessible and affordable, especially for first-time homebuyers. Here’s why our program stands out:
Why Choose Our Program?
100% Financing Available: With our FHA loan option, you can finance your new home with no down payment required! This makes it easier to step into homeownership without the need for substantial upfront savings.
Up to 3.5% Down Payment Assistance (DPA): Receive up to 3.5% of the sales price or appraised value to cover your down payment and closing costs. This assistance can significantly reduce your out-of-pocket expenses, making the home buying process even more affordable.
Program Highlights
Affordable Loans: Benefit from competitive interest rates and flexible loan terms, ensuring that your mortgage is manageable and fits within your budget.
Primary Residence Only: This program is designed exclusively for those who will live in the home as their primary residence, ensuring that you invest in a place you can truly call home.
No First-Time Homebuyer Requirement: While perfect for first-time homebuyers, this program is available to all eligible buyers, not just those purchasing their first home.
How Does It Work?
Check Your Eligibility: Make sure you meet the basic requirements for credit score and property type.
Homebuyer Education: Complete a homebuyer education course within six months prior to your loan application. This course will equip you with the knowledge you need to make informed decisions throughout the home buying process.
Apply: Work with our experienced loan officers to gather necessary documents and submit your application.
Get Approved: Once approved, we’ll guide you through the entire process to ensure a smooth and stress-free closing.
Benefits for You
No Down Payment Needed: 100% financing means you can purchase your home without needing to save for a down payment. This can significantly accelerate your journey to homeownership.
DPA Covers Costs: Use the assistance to pay for down payment and closing costs, reducing your out-of-pocket expenses and making homeownership more attainable.
Low Monthly Payments: Enjoy manageable monthly payments with a 30-year loan term, making it easier to budget and plan for the future.
At Best Option Mortgage, we believe that everyone deserves the chance to own their dream home. Our FHA 100% financing program is designed to remove the barriers to homeownership and provide you with the support you need every step of the way. Ready to take the next step? Contact us today to learn more and start your journey to homeownership.
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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.