Down Payment Options
Many people envision low-down-payment programs for first time
homebuyers. But if the after-tax return on alternative uses of that
money exceeds your financing costs, putting little or no money down
on a home is a wise financial choice*. Financing from 95% to 100% of
your home helps you avoid liquidating assets to cover a down payment
and possibly paying capital gains after liquidating. This innovative
financing strategy, also called "zero down" offers several
benefits.
Features and Benefits
-
Reduced up-front mortgage expenses. Finance your whole purchase to control your up-front expenses by reducing your down payment to a little as zero on super jumbo loans without having to pay mortgage insurance.
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Preserved investment strategy. Financing 100% of your home purchase, for example, allows you to keep your investment portfolio intact by avoiding liquidation of your assets to fund a down payment.
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Increased potential tax deductibility. By financing the entire purchase price of your home, you may increase the amount of deductible interest expense*.
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Deferred capital gains tax exposure. Keep your assets invested and defer potential capital gains tax*.
Some of the Low down payment Jumbo loans available are:
75 to 80% financing up to $1,600,000: "Full Documentation" 720+ FICO score: 90% is allowed but must be from seller or different financial entity.
60 to 70% up to $650,000: No
Income Verification 7200+ score:
50% up to $2,500,000 ( No Income Verification 720+ FICO score; )
50% financing to $4,000,000 ( No Income Verification 740+ FICO score;)
DISCONTINUED 90%
financing up to $1,000,000 ( No Doc
- No Income, Assets or Job)
Loan programs above may have interest only loan payment options
Important information on your assets
Consult your tax advisor about your personal situation. Certain Restrictions Apply and not all borrowers may qualify. Loan program terms are subject to change without notice.
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