Downtown L.A. Condos: ZERO DOWN #nodown #zerodown #lofts
Thanks to two great first-time home buyer programs, prospective Downtowners may now own a loft condominium unit with little or no down payment as little as 0% to 2%. Because some loft specialist direct lenders have new programs with more flexibility in helping home buyers, The Corey Chambers Team has helped several home buyers recently to get into their own urban pads with wide open spaces, high ceilings and big windows without the big down payments that they thought they would need to come up with. The happy home owners were really surprised that they would be able to own a condo with so much character. The buyer may even negotiate to have the seller pay for all of the the buyer’s down payment. #dtla | VIDEO
LOFT DREAMS COME TRUE
One happy home buyer just got a dream condo unit with industrial character at Little Tokyo Lofts with high ceilings and soaring concrete columns, great amenities such as 24-hour security, swimming pool and excellent parking included.
Little or No Down Payment on Amazing Lofts
Buyers may use conventional; on approved credit and approved condo HOA; buyer must not have owned a home in the last 3 yrs; 1-2% can be paid by buyer and/or seller or combination, effectively providing a down payment of 0 to 2%. Minimum FICO score is 660. 3% down for balances over $484,350. Buyer’s debt to income ratio must be under 45%. Household income must be under $144,700 for some home loan programs. These low down and zero down programs are subject to change.
Get more information on 0% to 1% down home financing. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.