Zero Down

Payment

Steel Blue 1 LLC is pleased to offer a purchase mortgage program that is hard to beat in today’s challenging credit environment.  This program is especially good for but not limited to first time home buyers.  The interest rates are competitive with FHA but at 100% financing.  In some cases zero money for purchase and closing costs are incurred by the borrower.  Properties must be single family residences that are attached, detached, condominium, and town-homes.  Pre-qualifications are quick and easy.  Give us a call today at 814-445-1083.

Here are some key parts of this program:

Loan Amount Larger Than The Purchase Price Is Acceptable

Two parts of the transaction allow the loan amount to be above the purchase price.  These parts are the 3.5% guarantee fee and the  closing costs.  The appraisal must support the purchase price.

Property Location

This program is government insured and thus the location of the property you are purchasing is important and must be eligible.  Please see our guideline page for further information.

Zero Down Payment

This program is one of the very few still available in today’s challenging financial environment that does not require a down payment when financing the purchase of a house.  It is still possible to buy a home without the assets normally required.

Call Today For The Current Interest Rate  You will be amazed!

Zero Down Payment Program

Monthly Annual Fee Payment

A declining monthly fee is part of the monthly mortgage payment.  While this is similar to mortgage insurance it different.  Steel Blue 1 will provide further explanation prior to application.  Generally the fee is less than mortgage insurance on similar loans.

Credit Requirement.

Since this program is government backed credit requirement are more flexible.  While credit still needs to be good it does not need to be perfect.  See our guideline page for further discussion on this parameter.

No Out-of-Pocket Expenses Is Possible.

The program allows you to negotiate the amount of closing costs paid by the property seller.  If agreed to then you walk away from the closing with having paid no out-of-pocket expenses.