HOMEFREE MORTGAGE PAYMENT

Zero Down Financing

Having trouble saving enough cash for your down payment?

A Colonial Credit Combo Loan is the perfect solution. This flexible program combines an 80% first mortgage with a 20% second mortgage. Now you can purchase a home with almost no out of pocket expense and avoid paying the high cost of private mortgage insurance (PMI) in the process.

  • Zero down payment required
  • Interest-only payment option
  • No private mortgage insurance (PMI)
  • Qualifying Credit Score as low 580
  • Stated Income loans available
  • No Ratio loans available
  • No Income/No Asset loans available
  • Perfect for first-time buyers, move-up buyers and self-employed borrowers
  • A seller contribution of up to 6% of the sales price can be applied toward closing costs and prepaid items
 
 
 
 
 
 
 
 
 
 






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CAMB - California Association of Mortgage Brokers Equal Housing Opportunity FAMB - Florida Association of Mortgage Brokers MBA NAMB - National Association of Mortgage Brokers

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