100% Home Financing
You just Have To Find The HomeHome Loans With No Out Of Pocket $$
100% financing loans are for the moment, temporarily suspended due to the high volume of foreclosures. When the economy stabalizes, they may be offered again.
The 100% financing loan was designed to offer home ownership opportunities to borrowers with good credit but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest their savings in assets other than their home.
This type of financing was popular among both first time home buyers and experienced home buyers and you can use 100% financing for a purchase or a refinance. The fixed rate loan is also available for construction and home improvement of an owner occupied primary residence.
While you are not required to make a down payment, you must have 3% in the transaction. These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant, or sale of assets you own.
100% Home Financing
If you’re looking to buy a home in Santa Clarita but don’t have the savings for a down payment, 100% home financing could be a smart solution. This type of loan is designed for qualified buyers who have solid credit and steady income but may not have the funds—or the desire—to put money down upfront.
With 100% financing, the full purchase price of the home is covered through the loan. That means no down payment is required, which can significantly lower the upfront cost of buying a home. This can be a great option for first-time buyers, renters ready to transition into ownership, or even families who want to keep their savings for other priorities like home improvements, education, or an emergency fund.
There are several types of 100% financing loan programs available, including government-backed options like USDA or VA loans, as well as niche programs for buyers with strong credit and low debt. Each program has specific qualifications, and some are only available in designated areas or for specific property types.
It’s our goal to help you understand which loan fits your needs—not just based on your financial profile today, but with your long-term goals in mind. If you’re in Santa Clarita and you’ve been holding off on homeownership because of the down payment, this could be the right time to explore your options.
Let’s take the next step together toward buying your home—without the burden of a down payment.
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Main Office
25060 Avenue Stanford, Suite 255
Valencia, CA 91355
(661) 964-2600
jeff@somloans.com
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