
0% down payment and no private mortgage insurance (PMI).
When you buy with $0 down, you are financing 100% of the home's value. This makes you a "higher risk" to the bank. However, your acts as a safety net. It proves you’re a reliable borrower, which allows lenders to offer you these zero-down programs without hitting you with massive interest rates. The Bottom Line
These are "portfolio loans" kept by the bank. They rely heavily on your credit history and earning potential rather than a cash deposit. The Strategy: Using Your Credit as Leverage
0% down payment and no private mortgage insurance (PMI).
When you buy with $0 down, you are financing 100% of the home's value. This makes you a "higher risk" to the bank. However, your acts as a safety net. It proves you’re a reliable borrower, which allows lenders to offer you these zero-down programs without hitting you with massive interest rates. The Bottom Line
These are "portfolio loans" kept by the bank. They rely heavily on your credit history and earning potential rather than a cash deposit. The Strategy: Using Your Credit as Leverage