Looking for No or Low Downpayment Home Loan?

Schaefer Mortgage Corp. offers several programs like 80/20 loans VA Loans, FHA Loans, and Alt-A loans are available now and also allow for NO Mortgage Insurance in some cases.

 80/20 loans are also described as combination financing or piggyback loans and offer a convenient way to provide creative financing in a purchase, refinance, home improvement, or debt consolidation transaction.

VA loan program also offers veterans 100% financing. Maximum loan amount is currently at $417,000.00. Couple this 100% financing with 4% seller paid closing cost and you have no cash layout.

FHA loans offer 97% financing and in some circumstances 1000% financing is possible with the use of an approved Grant program. FHA allows up to 6% seller paid closing cost.

Alt –A loan programs offer 100% financing as a full documentation loan or in certain cases as a Stated Income loan. Alt-A also offers 80/20 programs to eliminate PMI. If you need a no ratio loan Alt-A might also be the way to go.

Schaefer Mortgage Corp. has the best programs at the best rates call us today!

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