Several down payment program is a mortgage option that allows homebuyers to make a down payment as low as any percentage of the home’s purchase price. The program is designed to make homeownership more accessible by reducing the upfront costs.
However, it’s important to note that eligibility requirements and limitations may vary depending on the lender and the specific loan program. It’s best to consult with a mortgage lender like Trademark Financing to determine if you qualify for that certain program.
Joining Linda Peltz in a podcast, George Mikhail from Trademark Financing, a senior mortgage loan officer with many groundbreaking financing programs for homebuyers out there. Lets tune in video below to learn more about the 1% Down Payment Program
Navigating Home Financing with Trademark Financing
As a new player in Fresno CA, Trademark Financing has established its roots with a fresh branch, providing a diverse range of loan products. George Mikhail introduces the array of offerings, including the Jumbo Smart, VA, FHA, and conventional loans. However, he shines a spotlight on one of their standout programs—the 1% Down Payment Program.
- 1% Down Financing Program
George Mikhail discuss into the specifics of the 1% Down Payment Program, designed particularly for first-time homebuyers in Fresno CA. Tailored to those below the 80% median income, this program breaks barriers by allowing clients to contribute only 1% of the down payment, with the lender adding an additional 2%, summing up to a total of 3% down.
This innovative approach not only minimizes financial burdens on aspiring homeowners but also enhances affordability for those navigating Fresno’s real estate market.
Potential Applicability:
– Ideal for first-time homebuyers in Fresno.
– Tailored for those below the 80% median income threshold.
– Maximum loan limit set at $350,000.
Unique Selling Points:
– Minimal 1% client contribution.
– Trademark Financing’s additional 2% contribution.
– Facilitates easier entry into homeownership.
Geographic Considerations:
– Potential success in revitalizing lower-end zip codes.
– Opportunities in areas like Selma, Sanger, Toari, Velia, and Hanford.
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- Jumbo Smart Program
Taking the conversation a step further, George Mikhail unveils the Jumbo Smart Program, an innovative approach to luxury living. This program, tailored for upscale properties and exceeding traditional loan limits, allows for a flexible 10% down payment. George discusses its versatility, extending beyond million-dollar homes, and highlights its potential influence on areas like North Clovis and other high-value markets across California.
Program Features:
– Tailored for luxury properties.
– Flexible 10% down payment requirement.
– Accommodates loan values exceeding traditional limits.
Geographic Reach:
– Ideal for high-value markets like North Clovis.
– Potential influence in affluent areas across California.
Considerations:
– Addressing the specific needs of upscale homebuyers.
– Navigating the nuances of luxury real estate transactions
Exploring Opportunities in Home Financing
As the discussion unfolds, George addresses the challenges posed by structural issues or safety concerns in certain homes. He navigates through the intricacies of the programs, suggesting potential areas where these financing solutions could be particularly effective. From revitalizing lower-end zip codes to offering support in areas like Clovis and beyond, Trademark Financing aims to fill the gaps in the market.
The conversation wraps up with George Mikhail extending an invitation for potential homebuyers and realtors alike to explore the possibilities offered by Trademark Financing. He mentioned the importance of a personalized approach, ensuring that clients feel supported and guided through the entire homebuying process.
Go on a journey of homeownership with Trademark Financing innovative home financing programs. Whether you’re a first-time buyer or aspiring to live in luxury, George and his team stand ready to make your homeownership dreams a reality. Contact them today and take the first step towards unlocking the door to your dream home.
George Mikhail
Trademark Financing
559-348-3359
george@trademarkfinancing.com
https://trademarkfinancing.com/
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Call me for further details:
Linda Peltz, eXp Realty | DRE 01997670
559-353-4556
LWPproperty@gmail.com
https://lindapeltz.exprealty.com