Eugene Mortgage News

No Down Payment Required! Several Options Available!

August 15th, 2023 12:53 PM by Mike Herborn

100% Financing is not just for VA and USDA!
Achieve No Down Payment Financing with a DPA- Down Payment Assistance.
No down payment required-How you ask?

CALL TODAY!!

541-683-3300

DPA Highlights

  • 3.5% or 5% Down payment Repayable or Forgivable DPA Options
    • Forgivable 30YR Second
    • Repayable 10YR Second
  • DPA May be Used for Down Payment and/or Closing Costs
  • Ask for the Seller to pay concessions and bring little or no money to closing
  • Primary Only (SFR, 2 Units & Manufactured Housing Allowed)
  • A minimum credit score of 600 for FHA 
  • A minimum credit score of 640 for the USDA
  • Must receive housing counseling from a HUD-approved non-profit housing counseling agency

DPA can provide the possibility of homeownership to more people.  Please contact Stepping Stone Mortgage at 541-683-3300 for more details.

**Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and product requirements, including loan-to-value, credit score limits, and other lender terms and conditions. Fees and charges may vary by state and are subject to change without notice. Some restrictions may apply. Not a commitment to lend.** 

Posted by Mike Herborn on August 15th, 2023 12:53 PM

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Stepping Stone Mortgage

NMLS-235749 ML-3770

1140 Willagillespie Rd., Suite 13
Eugene, OR 97401