Qualifying for Zero Down Mortgage Loans
- Just available on one-unit main residences
- Acquisitions only, no refinance deals more often than not
- Loan quantities frequently limited by conforming or lower
- Must make provision for complete documents
- Usually need 8 weeks of asset reserves
- Usually must certanly be a mortgage that is fixed-rate
- Frequently must certanly be a first-time customer
- Must setup an account that is impound spend fees and insurance coverage
- Can be at the mercy of fees that are higher
Needless[...]