No money down programs | 100% financing
Including first-time home buyers

Choice Home Purchase programChoice Home Purchase program
$0 needed for closing costs, $0 down payment, and $0 needed at settlement.  Excellent credit is not required.  Complete a mortgage application and a Loan Officer will contact you.

Available in Maryland, Virginia, Washington D.C., West Virginia, and Delaware.  If your property is in another state, complete this form and we will refer your request. 

To help expedite the process, also email your W-2's, paystubs, and bank statements to us.  Include the Sales Price, and your Real Estate Agent info if you have one... if not, we will be happy to provide an Agent who is trained on this program.  We will need to pull your credit when we run your loan for approval.  Due to the high volume of application requests, we ask for $12 upfront to cover the cost of pulling your 3 credit scores. 

More on the Choice Home Purchase program

 


My Community financing
Choice Finance® lends on the Fannie Mae, My Community program.  This program was very popular and put many first time home buyers into their homes.  This program offers 100% financing up to $417,000 loan amount on fixed and adjustable rate products.  What were very flexible qualifying guidelines for income and credit history have now tightened significantly.  Many scenarios are now requiring at least 5% down with My Community. 

More on the My Community program

 


FHA financing
FHA qualifying is very flexible and is not based as heavily on credit scores.  There is no automatic requirement to payoff collections.  Already have an FHA loan?  Ask us about doing a streamline refinance, or getting you cash-out of up to 95% of your home's value.  Refinance out of your subprime loan and into a low rate FHA loan.  Your down payment can be as low as 2.25% of the purchase price with a total of 2.75% into the transaction.  You can get a gift for the entire down payment, closing costs, and prepaid items.  Most of your closing costs and fees can also be included in the loan.

More information on FHA loans and FHA streamlines

 


VA financing
The VA does not make home loans, they insure them.  We are VA approved and can help you with your VA loan request. Some VA benefits include:
- No downpayment is required in most cases
- Borrow up to 100% of purchase price
- Lower closing costs
- Mortgage is assumable
- No Private Mortgage Insurance (PMI)
- No penalties if you prepay the loan
- VA support during temporary financial difficulties

More on VA financing

 


Rates, fees, good faith estimate
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VA APPROVAL
VA approval

 

FHA APPROVAL
FHA approval

Rates, fees, good faith estimate
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