In an effort to bolster the purchase market, we are now offering a variety of 0% down loan programs; here are some of the highlights:

• A 3-5% 2nd loan can be combined with either a conventional or FHA 95-97% 1st loan, resulting in 100% financing (0 down payment)
• The interest rate on the 2nd is zero and depending upon the program is either forgiven after 3-5 years of on-time payments OR is repaid when home is refinanced or sold
• Borrower does not have to be 1st-time homebuyer
• There are NO income restrictions with a couple of these programs

These programs  are getting a lot of traction; however, they will eventually run out of funds.  If you have children or know someone that would like to get into the housing market, but is struggling with coming up with a down payment, this may be an ideal opportunity