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100% Financing - Austin Texas Area

Following the mortgage crisis a couple of years back, guidelines for getting a home loan became much more difficult, and almost all zero-down financing went away.

Thankfully, there is still one solution for our clients who don't have a down payment in hand.

USDA offers 100% financing for buyers today. We work with a lender who understands this program and has helped many homebuyers to get approved with no money out of pocket.

Here are some of the benefits:

    • There's no limit to seller concessions, which means that the seller can pay all of your closing costs if needed

 

    • If appraisal is greater than the purchase price, the loan amount can be raised to cover closing costs

 

    • If one person can qualify by themselves then I don't even have to pull other persons credit just need their income

 

    • You can do MCC (mortgage credit certificate) - this gives you an ongoing tax credit of up to $2,000 as an interest rebate every year that you are in the home

 

    • Has 2.14% fee rolled into loan for guarantee fee and no monthly MI = lower payment

 

    • You get a credit on income of $480 per child and you can deduct child care

The program is limited to lower-density population areas in the surrounding areas of Austin.

If you have questions about this program, call Jason at 512-796-7653 (cell). You can also email jason@austintexashomes.com.

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