Welcome to the SaltLakeOpenHouse.com Blog

2011-06-21 11:28:42
Buy a home for only $500 down (seriously)

Last week we sold a home to a borrower who only had to put $500 down! We found a fantastic lender who will do a conventional loan with low down ($500) and reasonable restrictions including a 620 credit score, 2 years of work history, no late payments in 12 months, 12 months of verifiable rental history and the buyer must own no other home.

The only other low down program is FHA for 3.5% down. No other loan product touches this product!

Some other highlights regarding this loan include:

-3% seller paid closing costs are allowed

-There is NO mortgage insurance

We have 10 years in the business and have built our business on first time home buyers. If you know anyone who would like to buy a home and may qualify for this great program, call us at 801-205-8235!

 
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