The National Directory of Certified Public Accountants

Ask A CPA - Mortgages & Loans

What Is A Zero Down Plus Mortgage ?

Borrowers can borrow up to 103% of a home's purchase price or appraised value, whichever is lower. There is no down payment. Closing costs including PMI can be financed as part of the loan. Generally, the loan period is for 15 or 30 year fixed mortgages and is offered to borrowers with good credit.

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