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About Us

First Time Buyers

Special Programs

Zero Down

FHA, VA, Rural Housing

National Direct Lender

PreQualify by Phone in 5 Minutes !

Call Jerry Vinett

1(888) 503-8903

APPLY ONLINE

CLICK HERE

100% Mortgage with NO MI

FHA, VA, USDA,Conventional and Non Conventional

Good Credit, Bad Credit...Even No Credit

"We Say YES...Even If The Bank Said NO !"

Bad Credit-Damaged Credit-Slow Credit

A+ Borrowers - Good Credit

We have programs that allow charge off accounts to remain unpaid and still qualify the borrower for 100% financing. Clients one day discharged from bankruptcy can also qualify for 100% financing. It is rare to find a credit problem that we can’t offer a mortgage solution.Bad Credit,Damaged Credit =YES

We lend with the nations top lenders and a do an automated search for the best rates and programs up to the minute. We also have 100% purchase loans with no PMI as well as 80/20 loans all with fixed rates.

Our PAY OPTION ARM is the best program offered anywhere.

Self Employed Mortgage

JUMBO and Super JUMBO Mortgage

We have many programs for the self employed that include stated income or limited doc, bank statement same as full doc. We even allow letters from your clients to establish time in business instead of business licenses or tax returns.

We really shine on jumbo loans !!! most lenders charge a higher rate on jumbo loans - we don’t ! we have 100% equity line jumbo’s with no mortgage insurance required …… that’s big. no lender beats our rates or service!

Construction loans and Permanent Mortgages

Down Payment Assistance and GIFT Programs

We offer several types of construction loans.
construction to permanent one closing costruction converts to a predetermined fixed rate. construction loan only this requires two closings. most buyers are more comfortable with the construction to permanent.

We have access to the nations best down payment assitance and gift programs. Most programs have no income qualifiers and are available for FHA and conventional mortgages

NEW: MTA Loan And Pay Option ARM

FHA ,VA and Rural Housing Mortgages (automated or manual underwriting)

This is by far the most flexible payment plan avaliable giving the home buyer (4) different payment options each month. the client may pay 1) interest only 2) below prime interest only 3) 15 year 4) 30 year USDA rural development loans. 100% financing for clients with no score or a score - no down payment and no closing cost paid by homebuyer!

Our FHA ,VA and USDA Rural Housing programs meet the individual needs of our borrowers. the program offers 97% financing but with our gift programs and seller paid closing cost, the loan equals 100% financing. Manual underwriting is for clients with credit challenges and enables us to close loans that don’t pass on the automated Freddie Mac system.

EQUITY Lines of Credit / Heloc 100% to 125%

First Time Home Buyers

Purchase or refinance, no mortgage insurance ever!
100%, 115%, or 125% of appraised value.

100% financing is the norm for first time buyers. FHA ,VA , conventional and special programs. All Zero Down Mortgages!

100%,103%,107%,115% and 125% 2nd mortgages and Helocs

Manufactured and Modular Homes

This allows buyers to finance closing cost when seller is not paying closing cost. we seldom use this program since most sellers are willing to pay buyers closing cost.

Modular equals stick built all programs available . Manufactured single wide or double wide have special programs .

Interest Only Mortgage

Bank Statements Equals FULL DOC

We offer interest only mortgages to all credit grades this guarantees the lowest monthly mortgage payment and can save as much as half on the monthly payment.

We allow clients to use bank statements (business or personal) 6 months is lite doc 12 months gets full doc pricing, instead of w2 or 1099 to qualify at the low full documentation rate (no tax returns needed)

Non-Permanent RESIDENT ALIENS

NO DOCUMENTATION, Stated Income, No Income, No Asset, Etc. Mortgage

W-7, Taxpayer I D, No SS # required (EVEN WITH NO CREDIT SCORE) can qualify for 100% financing.

No Doc means no employment,no assets,just score and name and address. these programs offer 100% financing but more typically are 95%.Stated income is available to w-2 employees and the self employed with score down to 500

PreQualify by Phone in 5 Minutes !

APPLY ONLINE

Click Here

Call Jerry Vinett

1-888-503-8903

Missouri's FHA Mortgage PRO

Missouri FHA mortgage, Ballwin FHA mortgage, Blue Springs FHA mortgage, Cape Girardeau FHA mortgage, Chesterfield FHA mortgage, Columbia FHA mortgage, Florissant FHA mortgage, Gladstone FHA mortgage, Hazelwood FHA mortgage, Independence FHA mortgage, Jefferson City FHA mortgage, Joplin FHA mortgage, Kansas City FHA mortgage, Kirkwood FHA mortgage, Lee's Summit FHA mortgage, Liberty FHA mortgage, Maryland Heights FHA mortgage, Raytown FHA mortgage, St. Charles FHA mortgage, St. Joseph FHA mortgage, St. Louis FHA mortgage, St. Peters FHA mortgage, Springfield FHA mortgage, University City FHA mortgage, Wildwood FHA mortgage,

-100%-zero down-FHA-streamline refinance-

Missouri zero down mortgage, Ballwin zero down mortgage, Blue Springs zero down mortgage, Cape Girardeau zero down mortgage, Chesterfield zero down mortgage, Columbia zero down mortgage, Florissant zero down mortgage, Gladstone zero down mortgage, Hazelwood zero down mortgage, Independence zero down mortgage, Jefferson City zero down mortgage, Joplin zero down mortgage, Kansas City zero down mortgage, Kirkwood zero down mortgage, Lee's Summit zero down mortgage, Liberty zero down mortgage, Maryland Heights zero down mortgage, Raytown zero down mortgage, St. Charles zero down mortgage, St. Joseph zero down mortgage, St. Louis zero down mortgage, St. Peters zero down mortgage, Springfield zero down mortgage, University City zero down mortgage, Wildwood zero down mortgage,

-Bad-Credit-Damaged-Credit-Less than Perfect Credit-

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"Mortgage loan programs-interest only-Home-loan-mortgage-adjustable rate-zero down-15-30-40-45-year–fixed rate mortgages-mortgage-Bad credit mortgage home loans-Stated income mortgage loans-No doc mortgage-poor Credit mortgage-damaged credit mortgage-REFI-mortgage-refinance mortgage-pay option arm-super jumbo mortgage loans-80/20-mortgage-First time home buyers mortgage programs-103%-Home-loans-mortgage-107%-Home-loans-mortgage-115%-Home-loans-mortgage-Bad credit No credit mortgage-Land contract refinance-Jumbo mortgage-Zero down mortgage-Mortgage calculators-Seller carry back second mortgage-Seller 2nd mortgage-Less than perfect credit mortgage-Real estate loans-First time homebuyers mortgage programs-First time buyers zero down mortgage-Self employed buyers mortgage-MTA mortgage-COFI mortgage pay option arm-40 year mortgage-Fixed rate-mortgage-125% second mortgage-Streamline mortgage refinance-Bad credit--refinance-home-loan-mortgage-100% mortgage-No money down mortgage-Zero at closing mortgage-No down payment mortgage-Sub-prime mortgage-Home equity line of credit-Mortgage loan programs-80/10/10 mortgage-80/15/5 mortgage-No PMI mortgage-No mortgage insurance mortgage-0%-zero-nothing-No-Down-0-Payment-100%-100-100 percent-Mortgage-mortgage-FHA-HUD-VA-and more..."

-100%-100-No down Payment-0-Zero Down-

Missouri 100% mortgage, Ballwin 100% mortgage, Blue Springs 100% mortgage, Cape Girardeau 100% mortgage, Chesterfield100% mortgage, Columbia 100% mortgage, Florissant 100% mortgage, Gladstone 100% mortgage, Hazelwood 100% mortgage, Independence 100% mortgage, Jefferson City 100% mortgage, Joplin 100% mortgage, Kansas City 100% mortgage, Kirkwood 100% mortgage, Lee's Summit 100% mortgage, Liberty 100% mortgage, Maryland Heights 100% mortgage, Raytown 100% mortgage, St. Charles 100% mortgage, St. Joseph 100% mortgage, St. Louis 100% mortgage, St. Peters 100% mortgage, Springfield 100% mortgage, University City 100% mortgage, Wildwood 100% mortgage,

Missouri First time homebuyer mortgage, Ballwin First time homebuyer mortgage, Blue Springs First time homebuyer mortgage, Cape Girardeau First time homebuyer mortgage, Chesterfield First time homebuyer mortgage, Columbia First time homebuyer mortgage, Florissant First time homebuyer mortgage, Gladstone First time homebuyer mortgage, Hazelwood First time homebuyer mortgage, Independence First time homebuyer mortgage, Jefferson City First time homebuyer mortgage, Joplin First time homebuyer mortgage, Kansas City First time homebuyer mortgage, Kirkwood First time homebuyer mortgage, Lee's Summit First time homebuyer mortgage, Liberty First time homebuyer mortgage, Maryland Heights First time homebuyer mortgage, Raytown First time homebuyer mortgage, St. Charles First time homebuyer mortgage, St. Joseph First time homebuyer mortgage, St. Louis First time homebuyer mortgage, St. Peters First time homebuyer mortgage, Springfield First time homebuyer mortgage, University City First time homebuyer mortgage, Wildwood First time homebuyer mortgage,

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Home	About Us	First Time Buyers	Special Programs	Zero Down	FHA, VA, Rural
A I MORTGAGE Inc dba AMERICAN INDEPENDENT MORTGAGE ©2005 Corporate Headquarter: 417 Welshwood Dr. Suite 210, Nashville, TN 37211 A I Mortgage Inc, Tennessee #1516 register HUD Lender (registrant) Missouri, Indiana, Kentucky, HUD Exemption. HUD 16545-0000-0. Colorado Exempt. Missouri, REALTOR™ is a registered trademark of the national association of REALTORS. FHA announces zero down www.HardMortgages.com www.louisvillemortgagepro.com www.nashvillemortgagepro.com

Missouri's FHA Mortgage PRO

-100%-zero down-FHA-streamline refinance-

-Bad-Credit-Damaged-Credit-Less than Perfect Credit-

-100%-100-No down Payment-0-Zero Down-

posted12-26-05

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

AT A GLANCE:

2006 Discretionary Budget Authority: $28.5 billion
(Decrease from 2005: 11 percent)

Major Programs:

Section 8 Rental Assistance
Federal Housing Administration
Public Housing
HOME Improvement Partnerships Program
Homeless Assistance Programs
Housing for the Elderly and Disabled

No alt or caption tag

MEETING PRESIDENTIAL GOALS

Promoting Economic Opportunity and Ownership

Supporting the President’s ambitious agenda for expanded homeownership by assisting approximately 40,000 low-income families with the downpayment on their first home.
Preparing families for homeownership, identifying predatory lending practices, and helping current homeowners avoid default.
Proposing two new mortgage programs that would help more than 250,000 families achieve homeownership.
Supplying tax credits to increase the supply of single family affordable homes.

Supporting a Compassionate Society

Working to end chronic homelessness through innovative local strategies to move chronically homeless individuals from the street to permanent supportive housing.
Helping ex-offenders get a second chance at employment.

Making Government More Effective

Reforming Housing Vouchers to improve results and better serve two million low-income households.
Expanding outreach to faith-based and community organizations to level the playing field for the Department of Housing and Urban Development’s formula and competitive grants.
Reducing improper payments in rental assistance programs.

PROMOTING ECONOMIC OPPORTUNITY AND OWNERSHIP

More Americans have achieved the dream of homeownership than at any time in our Nation’s history: Sixty-nine percent of households own their homes. For the first time ever in 2004, a majority of minority households own their own homes. The 2006 Budget supports ambitious goals to:

Add 5.5 million new minority homeowners by 2010 (goal set in 2002)—1.9 million new minority homeowners were added by 2004; and
Increase the supply of affordable homeownership units by seven million over the next 10 years (goal set in 2004).

American Dream Downpayment Initiative

Saving enough cash for the downpayment and closing costs is the greatest obstacle to homeownership for many. To help overcome this obstacle, the President proposed new Department of Housing and Urban Development (HUD) funding to help low-income families purchase their first homes. On December 16, 2003, President Bush signed the American Dream Downpayment Act. Six months later, HUD distributed $161.5 million in downpayment funds to over 400 State and local Governments. These funds have already helped over 4,000 families purchase their first homes; 50 percent of those families are minorities. The 2006 Budget provides $200 million to continue this initiative.

Photograph of President George W. Bush sitting at a desk signing the American Dream Downpayment Act. Several other people are standing around him.

A photograph of Taryn Ramos with a little boy sitting on her lap who she is smiling at.

On December 16, 2003, President Bush signed the American Dream Downpayment Act. As a result of this initiative, on October 29, 2004, Taryn Ramos was able to purchase her first home with the downpayment assistance grants administered by Fresno, California.

Housing Counseling

The Budget proposes $40 million for Housing Counseling to prepare families for homeownership, identify predatory lending practices, and help current homeowners avoid default. In 2006, HUD will assist approximately 800,000 families to become homeowners or avoid foreclosure, using faith-based and community organizations in this effort.

Ensuring Government-Sponsored Enterprises Promote Affordable Housing

Government-sponsored enterprises (GSEs) were chartered to help low- and moderate-income families secure mortgages. HUD recently published a rule that requires Fannie Mae and Freddie Mac to increase their purchases of mortgages for low- and moderate-income households and underserved communities. These new goals will push the GSEs to genuinely lead the market in creating homeownership opportunities for less advantaged Americans.

In addition to increasing the annual housing goals through 2008 (see accompanying chart), HUD’s rule establishes new home purchase sub-goals in each of the three goal areas. This is intended to focus the GSE’s efforts on purchases of homes rather than refinancings. HUD projects that over the next four years, the GSEs will purchase an additional 400,000 home loans that meet these new and more aggressive goals as a result of the new rule.

FHA Zero Down Payment and Payment Incentives

To remove two large barriers to homeownership—the down payment and impaired credit—the Budget proposes two mortgage programs. The Zero Down Payment mortgage allows first-time buyers with a strong credit record to finance 100 percent of the home purchase price and closing costs. For borrowers with limited or weak credit histories, a second program, Payment Incentives, initially charges a higher insurance premium and reduces premiums after a period of on-time payments. In 2006, these new mortgage programs would assist more than 250,000 families achieve homeownership.

Single Family Homeownership Tax Credit

The President proposes a new Single Family Homeownership Tax Credit that will increase the supply of single family affordable homes by up to an additional 50,000 homes annually. Under the President’s plan, builders of affordable homes for middle-income purchasers will receive a tax credit. State housing finance agencies will award tax credits to single family developments located in a census tract with median income equal to 80 percent or less of area median income and will be limited to homebuyers in the same income range. The credits may not exceed 50 percent of the cost of constructing a new home or rehabilitating an existing property. Each State would have a homeownership credit ceiling adjusted for inflation each year and equal to the greater of $1.75 times the State population or $2 million. In total, the tax credit will provide $2.5 billion over five years.

Homeownership Vouchers

The Homeownership Voucher program, while still new, has successfully paved a path for low-income Americans to become homeowners. Strong and committed collaboration among public housing agencies, local non-profits, and lenders, as well as pre- and post-homeownership counseling for families has proven essential in making the program work. The greatest challenge to the success of the program is finding lenders who are willing to participate.

Although the Homeownership Voucher program is voluntary, a Program Assessment Rating Tool analysis completed on the program shows that it has over-achieved its annual goals consistently since the program began. In its first four years, the program helped over 2,000 low-income families that were renting through the Section 8 program to become homeowners. In 2006, the program plans to assist 5,000 families achieve homeownership.

Neighborhood Reinvestment Corporation

The Budget increases funding for the Neighborhood Reinvestment Corporation to $118 million. The Corporation, a public nonprofit organization chartered by the Congress in 1978 and independent of HUD, is also working to expand minority homeownership. The Corporation is pledging to provide direct assistance to over 170,000 families in 2006 through affordable mortgage and rehabilitation lending, comprehensive homebuyer education, and counseling services.

FHA FREQUENTLY ASKED QUESTIONS

Q. Can only first-time home buyers use a FHA loan program?
A. No. You can use a FHA loan as many times as you desire. The only guideline is that you cannot have more than one outstanding FHA loan with a loan to value of higher than 75%. You can own rental property and purchase your primary residence using FHA financing.

Q. Does FHA use a FICO credit score for qualifying?
A. No. FHA is one of the only types of real estate mortgage loan programs that currently does not require a FICO score.

Q. Can I streamline refinance my FHA loan at any time?
A. Yes, you can assuming that the you are lowering your monthly payments or converting the loan to a fixed rate mortgage.

Q. Can I buy a 4 Unit Home with FHA loan financing?
A. Yes, you may use a FHA mortgage for 2,3, or 4 unit home purchase assuming that the FHA loan amount does not exceed the maximum loan limits for where the property is located.

Q. Can I buy a home with no down payment and get 100% financing using a FHA loan?
A. Yes. Using a real estate FHA first mortgage in combination with other specialized programs, you may be able to buy a home with no money down.

Q. How long after a bankruptcy can I use a FHA loan to buy a home or refinance my mortgage loan?
A. You may buy a home or refinance your mortgage using a FHA loan two years after the date of discharge for a bankruptcy, assuming that you have maintained perfect credit since the discharge of the bankruptcy.

Q. How long after a Foreclosure can I use a FHA home loan to buy a home or refinance a mortgage?
A. Three years after the final date of foreclosure you may use a FHA loan to buy a home or refinance, assuming that your credit since the foreclosure has been perfect.

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Reprint from www.HUD.gov with links below to official web site

HOW CAN I FIND OUT INFORMATION ABOUT MY CREDIT HISTORY?

There are three major credit reporting companies: Equifax, Experian, and Trans Union. Obtaining your credit report is as easy as calling and requesting one. Once you receive the report, it's important to verify its accuracy. Double check the "high credit limit,"'total loan," and 'past due" columns. It's a good idea to get copies from all three companies to assure there are no mistakes since any of the three could be providing a report to your lender. Fees, ranging from $5-$20, are usually charged to issue credit reports but some states permit citizens to acquire a free one. Contact the reporting companies at the numbers listed for more information.

CREDIT REPORTING COMPANIES

Company Name Phone Number
Experian 1-888-524-3666
Equifax 1-800-685-1111
Trans Union 1-800-916-8800

WHAT IF I FIND A MISTAKE IN MY CREDIT HISTORY?

Simple mistakes are easily corrected by writing to the reporting company, pointing out the error, and providing proof of the mistake. You can also request to have your own comments added to explain problems. For example, if you made a payment late due to illness, explain that for the record. Lenders are usually understanding about legitimate problems.

WHAT IS A CREDIT BUREAU SCORE AND HOW DO LENDERS USE THEM?

A credit bureau score is a number, based upon your credit history, that represents the possibility that you will be unable to repay a loan. Lenders use it to determine your ability to qualify for a mortgage loan. The better the score, the better your chances are of getting a loan. Ask your lender for details.

53. HOW CAN I IMPROVE MY SCORE?

There are no easy ways to improve your credit score, but you can work to keep it acceptable by maintaining a good credit history. This means paying your bills on time and not overextending yourself by buying more than you can afford.

For more information on the FHA and how you can obtain an FHA loan, visit the HUD web site at http://www.hud.gov or call a HUD-approved counseling agency at 1-800-569-4287 or TDD: 1-800-877-8339.

100. HOW CAN I CONTACT HUD?

Visit the web site at http://www.hud.gov or look in the phone book "blue pages" for a listing of the HUD office near you.

U.S. Department of Housing and Urban Development
451 7th Street S.W., Washington, DC 20410
Telephone: (202) 708-1112 TTY: (202) 708-1455

No Lender offers more No money down first time homebuyers

Mortgage Programs than us!

WE have all the Options

100% Financing

80/20 (no mortgage insurance)
Credit scores are not considered with FHA underwriting
Bad Credit , charge offs and Late payments OK
interest Only

Stated Income

40 year Mortgage
No income limits on Down Payment assistance.
6% seller concessions allowed
Up to $25,000 of down payment assistance (Available to qualified buyers)
Non-occupying cosigners allowed

When you want to buy your first home you will also need your first mortgage loan. As a first time homebuyer the first question is whether you are actually ready to buy. Finding the right first home is not always easy and a good REALTOR can help you in the process. If you haven’t selected a REALTOR we are glad to recommend a REALTOR that works with First time homebuyers. And getting a first time homebuyer mortgage loan with us will be the easy part.

Are you ready to be a first time home buyer, lets take you through the steps a that we use to decide if you qualify for a first time home buyer loan. When you take out a loan, you sign documents that say you promise to pay back the loan.

Get PREQUALIFIED first,

A first time homebuyer loan,

To decide if you will be able to repay a first time homebuyer loan, your loan officer will look at many different pieces of information about you. This process is called underwriting. This information shows how well you have repaid your debts in the past, whether you are likely to repay your debts in the future, and your ability to repay the mortgage and your current debts.

There are first time homebuyer program guidelines that help a us in looking at these pieces of information about you. But you should also remember that there is some flexibility in these first time homebuyer guidelines, because we represent so many financial situation. If you are very strong in one area, it may help balance out another area in which you aren't quite as strong.

Time on your Job is important. Having a steady job as a first time home buyer helps you to keep your promise to pay back a mortgage loan. If you have been working continuously for two years or more, you are considered to have steady employment. A lender will need to know your job history, and it will be a factor in whether you qualify for a first time home buyer loan. However, you do not have to have held the same job for two years in order to be approved for the mortgage loan. Job moves that result in equal or more pay and continue to use proven skills are a plus for you. If you have been working continuously for less than two years, the mortgage lender will look for an explanation..

.

We will order a credit report to verify the information that you give and to check on how well you have kept your promises to repay your debts. Credit reports are provided by credit reporting companies that make inquiries through a wide range of available sources of information: banks that may have given you a car loan, credit card companies, even gasoline companies and department stores that offer credit cards.

If you have previously owned a home, and your mortgage loan has been foreclosed upon within the last seven years, the foreclosure will be revealed on your credit report. Having a foreclosure on your records doesn't mean you can buy another home. IF you’ve had a foreclosure inside a chapter 7 bankruptcy you could qualify as quickly as 1 day after the discharge date.

If you have declared bankruptcy within the past ten years, that also will be revealed on your credit report, We can qualify first time borrower for 100% 1 day after bankruptcy and we can further qualify borrower that are currently in chapter 13 bankruptcy. Reestablishing credit and show that you are again able to manage your financial affairs is important.

Sometimes credit reports are inaccurate, or they give a misleading picture of past credit problems that have since been resolved. We can except receipts or letters of proof that issues have been resolved and we won’t have to wait for the credit bureau to update the info.

If you have never had any credit cards or taken out a loan through a financial institution, the various credit reporting firms may not be able to issue a credit score on you. In that case, you may be able to use a "nontraditional" credit history. For example, you may be able to document that you pay your rent, telephone bills, or utility payments on time each month. You can put these records together yourself by making copies of canceled checks or showing copies of monthly bills that do not have any late charges. A mortgage lender may be able to help you put this information together

If you have a good record of paying your rent and other bills and will be able to prove that record. You will be approved for a 100% first time buyers mortgage.

Some lenders have programs to help a first time buyer. With some of these programs, you may be able to accept a gift from a relative or to borrow a portion of the money you will need for the down payment and closing costs from a local non-profit organization or government agency. We may be able to get down payment assistance program or other first time home buyer funds that you will not have to repay and can use to cover some of these costs.

ZEROtoCLOSE - offers the lowest interest rates on loan products including second mortgages, mortgage home loans, refinancing, debt consolidation, first time home buyers and who can use first time home buyer information...to utilize First Time Buyer programs in your area simply apply at ZEROtoCLOSE. First time homebuyer programs are designed to help borrowers with moderate or low incomes and first time buyers make a substantial down payment on their first home in the Nashville,Memphis,Knoxville,Chattanooga,Louisville,Lexington MSA area or to assist them in paying the related closing costs on a mortgage. The programs that we offer to qualified first time buyers can make attaining a mortgage possible. There are even programs specifically for local residents which provide governmental help such as addi grants and community second programs ask your Mortgage PRO about these programs. First time homebuyers often can include those who have not owned a home for the past three years or sometimes as little as 12 months depending on the program. Even if you have owned a home in the past you should check with a home loan representative at ZEROtoCLOSE to determine which first time homebuyer programs you may qualify for.

Ask your Mortgage PRO about our Jumbo 'Smart Mortgage' Home Loans. The best Jumbo mortgage Product Avaiable In Tennesee.No hit to the rate for Jumbo Mortgages. If you have a Jumbo Mortgage Loan with any other lender Your Probably Paying to Much!!!

We enjoy helping First Time Homebuyers... ..and we're experts at solving the common problems these buyers face!

First time buyers enjoy 5 minute prequalifications and 100% financing in most cases.We offer every available type of loan and down payment assistance program that exists.First time homebuyers can get an FHA home loan with down payment assistance and bring zero down payment to close on a new home purchase.Mortgages with zero '0' down payment are the Norm for first time home buyers with us.

ZERO DOWN AND THE 80/20 LOAN

WITH NO Mortgage INS.

Most home buyers and first time home buyers would agree, the biggest

obstacle to home ownership can often be the down payment. And while the

percentage needed for a mortgage has dropped in the last 20 years from

the traditional 20 percent to 10, 5 and in some cases even 3 percent,

the prices of homes have doubled, tripled and even quadrupled.

That is no longer a problem ! We have an expanded line of zero down

100% financing options that are available to all Credit Levels,

Great Credit of course, but also Bad credit and borrowers with no established

credit including First time Buyers. Zero down payment

mortgages that also allow financing of the closing costs. We

even make it possible for new owners to leave the closing with more

cash than they had when they walked in -- at the price of course, of

more debt.

Many companies aggressively marketing zero-equity loans

"We give you a choice you can choose a Zero Down Plus with P.M.I.

or an 80/ 20 No Down, No P.M.I."

The Zero Down Plus mortgage is a 103 percent

first mortgage that requires private mortgage insurance. The 80/23

mortgage, an 80 percent first mortgage plus a 23 percent second mortgage

and still NO MI

With the Zero Down Plus mortgage the extra 3 percent usually

covers the borrower's closing costs. Still No MI

An example of the difference that a no mi mortgage makes,

the principal and interest payments on a $250,000

Zero Down Plus mortgage for 30 years at 8.875 percent -- the current

rate -- would be $1,989 a month. Private mortgage insurance on the

part of the mortgage that exceeds 80 percent of the home's value, the

MI would add $203 a month, making the total payment $2,192.

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100% No Money Down first time home buyer Mortgage is our Specialty...So Stop Wasting Your Money On Rent and call 'Your Local Mortgage PRO'.

'We Say Yes.....Even When Other Lenders Say No!'

REASONS TO GET PREQUALIFIED BEFORE YOU START SHOPPING FOR A HOME

You do NOT have to have a home under contract to obtain a home loan. The lender is looking at your credit history and income when considering a loan application.

Some potential home buyers think they will have no problem qualifying for a loan only to be disappointed when they find out they don't. Others may afraid they won't qualify so they don't apply. We often see people who don't think they qualify for a home loan but don't know that many lenders offer loan programs for all types of borrowers.

Avoid disappointment resulting from looking at homes that are out of your price range. Looking at homes in a price range you can afford will keep you from being disappointed if you fall in love with a home only to find out that it is beyond your financial abilities.

Insure that you will meet your moving dead line. Knowing you must move by a certain date and still working on proving you are qualified for a loan can be a stressful experience. The two most common problems are resolving credit issues and proving you have the cash for your down payment and closing costs.

Applying for a loan as soon as possible will insure that any incorrect information in your credit history can be corrected before the closing date. It often takes 60 days or more to have information corrected in your credit files.

Having a Loan Commitment in your hand is like being a cash buyer. Every seller wants to work with cash buyers. It gives you leverage when presenting an offer and negotiating a counter offer. It will insure that the closing process goes smoothly when you do find your new home. Do not mistake a Loan Commitment with a pre-approval or pre-qualification, a pre-approval does not carry much weight with a seller since a pre-approval is only a cursory look at your credit history.

Applying for a home loan online can be a real convenience. You can apply for a mortgage online 24 hours a day 7 days a week. You can apply from your home, office, local library or any location that offers Internet access. No need to take time off work or away from play. Avoids feeling pressured by sitting in a lenders office and allows you ample time to collect all the necessary information

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