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100% Financing

A down payment can feel like the biggest roadblock to purchasing a home — especially for first-time homebuyers. However, there are a number of options if you don’t have a down payment. Here are just two of the 100% financing options currently available.

FLEX DOWN

  • The down payment is borrowed (from credit cards, line of credit, or personal loan)
  • Your credit score must be high
  • An insurance premium of 2.90% is added to mortgage
  • You can qualify for “best” discounted interest rates
  • All types of properties on owned land (not rented pad) are eligible

5% CASH-BACK DOWNPAYMENT

  • The down payment is provided by the lender as 5% cash back (provided at time of closing to lawyer)
  • Your credit score must be high
  • An insurance premium of 2.90% is added to mortgage
  • Interest rates are the lender’s posted rates
  • All types of properties on owned land (not rented pad) are eligible

    • Apply online or contact Conexia Mortgage to discuss your mortgage financing options.