0% Down Purchase NJ and NY
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0% down Purchase
Down payment assistance programs continue to be a valuable resource for low to moderate income homebuyers across the country. Golden Mortgage Corporation offers an exclusive 0% Down Purchase program with our lending partners in NJ and NY. Simply put, qualified borrowers receive a 3% down payment assistance loan up to $15,000, from the Lender. This allows buyers to get into a home right now with no down payment.
Here's how it works:
How borrowers can qualify:
OR
Information subject to change. Certain restrictions apply. Subject to approval of borrower and investor guideline requirements. Down payment is provided as a 2nd lien against the subject property. 2nd lien bears a 0% interest rate and cannot exceed a $15,000 loan amount. 2nd lien has no minimum monthly payment requirement, a term of 360 months and is fully due as a balloon payment upon the occurrence of either a refinance of the 1st lien, payoff of the 1st lien or the final payment of the amortization schedule of the 1st lien. Borrower must qualify based on Home Possible or HomeOne guidelines. Some exclusions may apply.