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Top 5 Reasons Homebuyers Choose 100% Financing

Tuesday, 03 April 2018 15:00

Are you currently house hunting, or thinking about buying a home soon? Line up your financing in advance, so your dream home becomes a reality.

If you have a good credit rating but need money for a down payment and closing costs, 100% financing may be worth a look.

Here are some of the top reasons homebuyers choose a 100% financing solution.

  1. Dramatically reduce the cash you need up front (down payment, closing costs).
  2. Close on your new home before selling your current home.
  3. Private mortgage insurance (PMI) costs may be lower than FHA loans.
  4. In a tight housing market, improve your chances of winning a bidding war.
  5. The money you would ordinarily need for a down payment can be used for renovations, or to pay down debt.

CAP COM’s 100% financing* solution is particularly appealing because it is a conventional loan (fixed- or adjustable-rate) without a location restriction or income threshold. 100% financing is just one of many mortgage solutions to consider.

Pre-qualify for your loan in as little as 15 minutes. This is your ticket to making an offer. Then, let us manage your loan details and paperwork through to closing.



*If credit-qualified. Ask about eligibility, rates and terms.
Mortgage products are offered by Homeowners Advantage (HOA), a subsidiary of CAP COM FCU. Licensed Mortgage Banker - NYS Dept. of Financial Services. HOA NMLS Identifier: 290363. Principal Address: 4 Winners Circle, Albany NY 12205. CAP COM FCU NMLS Identifier: 401261.