Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option

Have Questions? Call 949.973.0141

99.5% Home Financing Low Down Payment Program

The Key to Your New Home?

Are you trying to buy a home but short on funds? This program is for you. With an initial investment of only 0.5% down you can get the keys to your new home.

Contact Scott to find out more about this low down payment option.

Since 2006, conventional loan programs offering a low down payment have declined. FHA became the go-to option for low down payment mortgages. They also offered the highest loan limit in Orange County. This is still true today. FHA allows loan amounts up to $729,750. Conventional loans are capped at $625,500. But the 3.50% minimum requirement is the best low down payment mortgage option available. But in some cases, even 3.50% is too much for cash strapped borrowers.

If you’re seeking a low down payment program then check this out. We start with an FHA first loan. You have to bring 0.5% down. Then you can receive a 2nd loan for 3% to cover the balance of your FHA down payment.

The 2nd loan is a 15 year fixed loan. This loan is not required to be applied towards down payment. You can use it to cover closing costs as well. Therefore it provides the flexibility to structure your loan as you need. You do not need to be a first time home buyer. This program is open to everyone.

This program becomes even more handy in a hot seller’s market like we are currently experiencing. With multiple offers on nearly every listing, sellers can be very selective. Seller credits towards closing costs may not be entertained. Your highest and best offer may stretch your available cash. For all of these reasons a low down payment program such as this may be just what you need.

Contact me to find out more.

Scott Storace

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