If you have no down payment saved you can still get a mortgage and buy a home
It's Unique!
If you have no down payment saved you can still get a mortgage and buy a home
It’s true!
If you have good credit, but don't have the minimum 5% saved, our flexible down payment mortgage allows you to borrow it!
There are no fees, no equity sharing, and you can pay off the down payment loan at any time. All this and you get the same mortgage rate as if you had saved up the 5%.
Click 'Apply', and we'll contact you! Then via email, text, or phone you simply tell us what your income and debts are and we'll calculate a rough purchase price, and give you an idea of payments and costs. We do not pull a credit bureau at this stage.
If the rough purchase price we've provided works, we then gather income confirmation, reveiw your credit, and calculate your Mortgage Pre-Approval amount and the the maximum home price you may shop for.
Now that we know the home price you are shopping for, we partner with several banks to provide an open loan or line of credit for the down payment for you. You may pay off this loan at any time, and if only a portion of the 5% is needed, then you only borrow what's needed.
Once the down payment loan approved, the final step is to have you look online at current listings and see if any meet your criteria. If you find a home you love let us know, and we'll arrange for a viewing.
If it seems like a lot all at once, don't worry, we are experts with First Time Home Buyers (and repeat buyers too). We'll walk you through each step, and be with you right up until you move in.
With the Flexdown mortgage the are no Mortgage or Realtor fees. Your only out of pocket expenses are the lawyer and the inspection, which are approx $2500. Contact us and lets see what's possible!
"To start you guys are so great to deal with! Jason was fantastic! One of my coworkers is just in the process of getting a mortgage through you as well; so far Jason has been great for them. We are not first time home buyers; but come renewal time you may just hear from us again! Thanks for the fantastic service."
"Now that were in the house and unpacked and have painted some walls it really feels like home and looking back I am glad we made the decision to go about it this way. I feel that if I would have waited to save I would have thrown more money out the window and it could have been another 3 years before we bought."
"You guys were great to work with. You were always available to be contacted even outside of what are usually most peoples regular business hours. You made the process easy and helped me get into the home I now love and has been there for me since with looking at purchasing a second home."
View all reviews:
And you get a Low Interest Mortgage Rate . Unique with this mortgage is you are not penalized with a higher interest rate for borrowing the down payment. You get the same rate, and all the same flexible features, as if you had saved up the 5%.
