Turning your dream of homeownership into reality without the burden of a down payment is possible with our No Down Payment Mortgage Loans. At First Bank and Trust Company, we believe in making homeownership accessible to everyone. Here are the key requirements for qualifying for our No Down Payment Mortgage Loans:
- Creditworthiness - While a down payment may not be required, a good credit score is still crucial for approval. We'll assess your credit history to ensure you meet our creditworthiness standards.
- Stable Income - Demonstrating a stable and sufficient income is essential to qualify for a No Down Payment Mortgage Loan. This helps ensure your ability to meet monthly mortgage payments.
- Debt-to-Income Ratio - We'll evaluate your debt-to-income ratio to determine your capacity to manage additional financial obligations. A reasonable ratio is essential for loan approval.
- Property Type - Our No Down Payment Mortgage Loans are available for various types of properties, including primary residences. Eligible properties must meet certain criteria, and our Mortgage Specialists will guide you through the details.
Loan Program Eligibility - Explore our range of mortgage options, including VA loans and USDA loans, which offer 100% financing for qualified applicants. Our local Mortgage experts will help you determine the best program for your unique situation.