Save Your Cash for Christmas!
Been looking at homes for sale in Las Vegas, but just don't have any extra cash? If you or someone you know has been struggling to come up with the down payment and closing costs for a mortgage, we have great news. There is a new 1/2% down FHA loan that may be your answer.
You could literally get into a home with no money at all! This new mortgage loan program is a combination of a 96.5% FHA first mortgage and a 3% second mortgage. The seller is allowed to pay all of the buyer's closing costs, AND the 1/2% down payment can even be gift funds from a relative or close friend. The interest rate is a little higher than the standard FHA loan, but you can have a non occupant co borrower to help you qualify. Basically this
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