Movement Mortgage premieres new zero-down payment mortgage program
Want to buy your first home but are having a hard time coming up with that necessary down payment?
Movement Mortgage has just announced its new down payment assistance program for first-time homebuyers that allows borrowers to put nothing down on a home.
Movement Mortgage, a top 10 retail home lender, has just introduced a financing option that provides eligible first-time buyers with a non-repayable grant of up to 3 percent. Not only that, but the program also allows for sellers to further assist the buyer by paying up to 4% of closing costs and pre paids on the home.
For example, say you were to buy a $200,000 home. The necessary down payment costs would be about $6,000…