Can You REALLY Buy a Home With No Money Down???

Believe It Or Not… Yes You Can!

Home DownpaymentOf course you’ll need money to pay the mortgage payment each month, but YES, you can buy a home with no money out of pocket!

And not only that, but in many cases your total payment can be lower than what you are already paying in wasted rent!

I am going to run you through 2 scenarios that recent clients just did, where they were able to stop renting, starting saving, and get into a home of their very own!

Willow Springs Condos Eagle Mountain UtahScenario 1 – Willow Springs Condos
1,261 sq ft – 3 Bed – 2 Bath
Price – $97,900 w/ $4,000 in closing costs
Payment – $683/month (includes principal, interest, taxes, insurance and HOA fees)
USDA Rural Housing loan APR 4.447%

Buyer paid NOTHING out of pocket!

Riverbend Town Homes Saratoga Springs UtahScenario 2 – River Bend Town Homes
1,935 sq ft – 3 Bed – 2.5 Bath
Price – $159,400 w/ $4,500 in closing costs
Payment – $948/month (includes principal, interest, taxes, insurance and HOA fees)
USDA Rural Housing loan APR 4.418%

Buyer paid NOTHING out of pocket!

I know there are all sorts of rumors out there that it’s hard to get a loan, or that you have to have 10 – 20% down – but as you can see that’s not that case! Both of these buyers have transitioned from renting to home ownership and did it both seamlessly and with no money out of pocket!

Curious if you can get out of your rental and in to a home? Call me today and let’s find out! 801-368-5337

Thanks to Curtis Price at W J Bradley Lending for providing the numbers on both of these transactions.

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About utahREpro

Chris is the managing broker for Prudential Utah Elite Real Estate in American Fork, Utah. His passions include spending time with his family, Real Estate, Social Media, traveling, reading, movies, golf, dirt biking and so much more. Chris is a graduate of the National Association of REALTORS (NAR) Leadership Academy as well as the Utah Association of REALTORS (UAR) Leadership Academy. He has served in many capacities in the real estate industry at the national, state and local levels, including: 2013 Treasurer of the Utah Association of REALTORS 2011 President of the Utah County Association of REALTORS (UCAR) 2011 REALTOR of the Year – UCAR NAR Federal Political Coordinator assigned to US Senator Mike Lee 2011 NAR Strategic Planning Committee 2010 – 2013 NAR Public Policy Coordinating Committee 2011 Dean of the LeadershipUAR Program Chris has been a licensed REALTOR in the State of Utah since 2004. He has been recognized both nationally and locally by Prudential and was inducted into their Hall of Fame in 2010.
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