Free Downpayment Mortgages
This is a 95% financing with a 5% Lender Cash-Back that can be used for the 5% downpayment.
Here is how it works:
- Cash Back of 5 % of Purchase Price paid to the Lawyer on closing.
- 5% Cash Back to be used for Down Payment.
- Requires a 650 Credit Score but averaging of Applicant Scores is allowed.
- Closing Costs must come from own resources 90 day history of bank statements.