Achieve Homeownership with LimeFunding’s Zero Down Payment Mortgage

At LimeFunding, we understand that saving for a down payment can be one of the biggest hurdles to homeownership. That's why we're excited to offer our exclusive Zero Down Program, designed to help you get into your new home without the need for a down payment. This program is perfect for first-time homebuyers and those who qualify based on income levels.

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How the Zero Down Program Works

Our Zero Down Program offers a unique opportunity for qualified borrowers to receive a second lien loan that covers the down payment amount. Here’s how it works:

1. Primary Loan: You obtain a first mortgage that covers the majority of your home's purchase price.

2. Second Lien Loan: We provide a second lien loan for 3% of the purchase price, up to $15,000. This loan helps cover the down payment, enabling you to finance 100% of the home’s purchase price.

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Key Features of the Zero Down Program

- No Down Payment: You can purchase your home without needing to save for a down payment, making homeownership more accessible.

- Second Lien Loan: The 3% down payment assistance loan is structured as a second lien with no monthly payment and no interest. The balance is due when the first lien loan is refinanced or paid off.

- Flexible Repayment: While payments on the second lien are not required, you have the option to make payments throughout the loan term if you choose.

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Qualification Criteria

To qualify for our Zero Down Program, borrowers must meet one of the following criteria:

1. Income-Based Qualification:

 - Borrowers must be at or below 80% of the Area Median Income (AMI) for the property location and meet Home Possible® guideline requirements.

 - Very-low income borrowers (below 50% AMI) receive a $2,500 credit as part of the 3% assistance, which does not need to be repaid.

2. First-Time Homebuyer Qualification:

- At least one borrower must be a first-time homebuyer, defined as someone who has not owned a home in the last three years.

- A minimum FICO score of 700 is required, with an LTV (Loan-to-Value) ratio greater than 95%, up to 97%.

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Why Choose LimeFunding?

At LimeFunding, we pride ourselves on offering tailored mortgage solutions and exceptional customer service. Our Zero Down Program is designed to help you achieve your dream of homeownership faster and with less financial strain. With the backing of United Wholesale Mortgage (UWM), we provide competitive rates, fast closing times, and the flexibility you need.

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Get Started Today

Ready to take the next step toward homeownership? Contact us today to learn more about our Zero Down Program and see if you qualify. Our team is here to guide you through the process and answer any questions you may have.

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