Looking for a lower initial
interest rate and no down payment requirement?
The Zero Down program with temporary buydown options* makes it possible to purchase a home today and ease into homeownership. Renters can start watching their equity grow, and current homeowners can move or upgrade without having to wait. With no down payment requirement and lower interest rate for the rst 1-2 years, you can buy now and save at the start of your loan. Bene ts: • No minimum borrower contribution required • Temporarily reduced interest rate on the rst mortgage for the rst 1-2 years for a more a ordable monthly payment • Predictable payment increases based on the structure of the buydown • No balloon payments at the end of the loan term Details: • Credit scores as low as 600 • Fixed-rate loan with either a 1-0 or 2-1 buydown paid by the seller • 96.5% FHA rst mortgage paired with a 3.5% or 5% DPA repayable second mortgage or 3.5% DPA forgivable second mortgage** • Primary residence purchase transactions only*** Guild Mortgage Company; NMLS #3274; Equal Housing Opportunity; www.nmlsconsumeraccess.org. All information, loan programs & interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. *Borrowers must qualify based on the note rate of the program selected. The buydown cash amount can be paid by a participating seller or lender. **Our Zero Down program is not a liated with HUD. The program pairs a second mortgage for the down payment and/or closing costs with a standard FHA insured rst mortgage. Second lien can be 3.5% or 5% of the purchase price. ***FHA standard loan limits apply.
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