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First Time Home Buyer Programs

Offer Zero Down Payment For California and Nevada Home Mortgage Loans could Florida be next?

If you have never owned a home before, the down payment has probably been the biggest hurdle. It has been planted in our minds that a twenty per cent cash down payment is required. California and Nevada real estate shoppers can take advantage of new programs for First Time Home Buyers if you have good income and good credit. You can now buy your home for nothing down. That's right, zero down, one hundred per cent financing.

There are specialized programs that want to help people obtain California and Nevada real estate. Some are tailored for people with damaged credit, while most can help people with little saved for a down payment.

GoldMedalMortgage.com represents numerous lenders specializing in loans for first time home buyers. Some of these lenders will even loan up to 103 percent of the home's purchase price to include closing costs. We also have Zero Down programs for California and Nevada Residents who want to buy an investment home in California or Nevada

The best way to buy your first home for no cash out of your pocket is to qualify for a 100 percent mortgage. We will be glad to pre-approve you for a mortgage and you'll receive a pre-approval letter or certificate from the lender.

Getting pre approved will help you determine what price range you should be looking in. Many first-time borrowers confuse being "pre-qualified" with being "pre-approved." Pre-qualification is a pretty casual process, where we tell you how much money you probably can borrow based on how much money you make and how much debt you already have.

In the eyes of the seller a pre-approved buyer is far more credible than a pre-qualified one.

Even though the interest rates have risen slightly, they are still VERY LOW right now.

In addition to first time home buyer programs, GoldMedalMortgage.com offers refinances, home improvement loans and debt consolidation loans. We even have loans for buyers who have less than perfect credit. As we like to say, "We make loans that banks do not".

For more information on first time home buyers programs, or other financial matters visit the links below.

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