100% Financing
Reverse Mortgages
FHA/VA Mortgages 100% Financing
Advertisements on how to buy a home with no out-of-pocket money detail some gimmick which allows the buyer to essentially “steal” a property from a desperate, unsuspecting homeowner.
More often than not these gimmicks are fraud schemes. There are legitimate ways of accomplishing the goal of little to no money down. Ask us about these state and local government funded programs.
We, like most lenders offer no fee loans to most borrowers. We can receive our fees directly from the lender which will always result in a higher interest rate. This rule applies industrywide.
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Reverse Mortgages
If you are at least 62 years old and your current home is your primary residence then you may qualify for a reverse mortgage. A reverse mortgage does not have a monthly
mortgage payment. Similar to an annuity, a reverse mortgage is a way to receive a monthly income from the equity of your home.
Basic requirements:
• Must be at least 62 years or older.
• Your home must be your primary residence and you must own the home.
• Your home must have plenty of equity
Government insured mortgages
FHA Mortgages- Are much more flexible than conventional loans. Small down payments, home renovation and energy efficient mortgage loans are just a few of the programs available with an FHA insured mortgage.
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FHA/VA Mortgages
FHA Mortgages- Are much more flexible than conventional loans. Small down payments, home renovation and energy efficient mortgage loans are just a few of the programs available with an FHA insured mortgage.
VA Mortgage- You May Be Eligible if:
• Served 181 days during peacetime (Active Duty)
• Served 90 days during war time (Active Duty)
• Served 6 years in the Reserves or National Guard
• You are the spouse of a service member who was killed in the line of duty.
Highlights- No down payment, No private mortgage insurance, Relaxed credit qualifications.
If you have any questions you can use our friendly contact form and we will be in touch with you shortly.
Our address:
First Priority Financial
3110 Camino Del Rio #311
San Diego, CA 94534
Phone numbers:
