Buy a Home with No Down Payment! 🏡💰

Think buying a home in Sacramento requires thousands of dollars upfront? Think again! With Sacramento 100% financing, you can purchase a home with zero money down by using a low-down-payment first mortgage paired with a lender-issued grant to cover the rest.

If saving for a down payment has been holding you back from becoming a homeowner, this program could be the solution you’ve been waiting for! Whether you’re a first-time homebuyer or just looking for a low-cost way to get into a home, this strategy makes it possible. Let’s break it all down!

• What is Sacramento 100% Financing?

  Sacramento 100% financing is a home loan strategy that eliminates the need for a down payment by combining:

  Step 1: Get a Low-Down-Payment First Mortgage

  Borrowers start with a traditional first mortgage—either FHA (96.5% LTV) or Conventional (97% LTV) financing:

  ✅ FHA Loan (96.5% Loan-to-Value) – Requires just 3.5% down, making it a great option for first-time homebuyers or those with lower credit scores.

  ✅ Conventional Loan (97% Loan-to-Value) – Requires only 3% down and works well for borrowers with good credit who want to avoid FHA mortgage insurance.

  Step 2: Receive a Lender-Issued Grant to Cover the Down Payment

  The remaining 3% to 3.5% down payment is covered by a grant from the lender, effectively giving you 100% financing! 🎉

  ✔️ No repayment required – Unlike some assistance programs, you don’t have to pay back the grant!
  ✔️ No second loan – Unlike some down payment assistance programs that add a second mortgage, this is a true gift from the lender.
  ✔️ You own your home with ZERO down!

  This means you can become a homeowner without needing to save up thousands of dollars upfront! 🚀

Who Qualifies for Sacramento 100% Financing?

To take advantage of this zero-down home loan, you’ll need to meet the following requirements:

📌 Credit Score – Typically 620+ for FHA and 640+ for Conventional.
📌 Primary Residence Requirement – Must be your main home (no second homes or investment properties).
📌 Debt-to-Income (DTI) Ratio – Usually under 50%, though some programs allow exceptions.
📌 First-Time Buyer? – Some programs require at least one borrower to be a first-time homebuyer, while others do not.
📌 Income Limits? – Some programs have no income caps, but certain grants may have restrictions.

Even if you don’t think you qualify, you might be surprised! 💡 It’s always worth checking with a mortgage expert to see which 100% financing options are available for you.

Why Choose Sacramento 100% Financing?

If saving for a down payment has been holding you back, this program offers a fast-track to homeownership:

✔️ No Down Payment Required – Save thousands upfront! 💰
✔️ Own a Home Sooner – Stop renting and start building equity! 📈
✔️ Grants That Don’t Need to Be Repaid – No second mortgage, no extra payments—just a free down payment! 🎉
✔️ Flexible Credit Requirements – FHA loans allow lower credit scores than most conventional loans.
✔️ Great for First-Time Homebuyers – Ideal for those who can afford a mortgage but haven’t saved up a large down payment.

With rising home prices in Sacramento, this program allows you to buy NOW before prices go even higher! 🏡🔥

Talk to a Mortgage Pro

The Trade-Off: Higher Closing Costs & Interest Rates

While 100% financing is an amazing way to buy a home with no down payment, it’s important to understand the trade-offs:

🔺 Higher Closing Costs – Since the lender is giving you a grant, they may charge higher fees to compensate. Expect closing costs to be slightly higher than standard loans.

🔺 Potentially Higher Interest Rates – Some lenders increase your rate slightly to offset the cost of the grant. However, this isn’t always the case, and rates are still competitive.

🔺 Limited Availability – Not every lender offers 100% financing, so you’ll need to work with a mortgage team that specializes in these programs (like us! 😉).

Is it worth it? If you don’t have the savings for a down payment but can afford a mortgage, 100% financing is a fantastic option—even with slightly higher costs.