100% FINANCING PROGRAM
You have been invited to take advantage of our "100% Financing Program". This awesome program is designed for people that is/are:
Tired of Renting
Doesn't have funds for
a Down Payment
Tired of moving from
place to place
Only have little
Divorced or Widowed
Ready to finally Own
your Own Home!
If you fall into one of the above, then our program is great for you. PhoneOps "100% Financing Program" is only available for selected properties and they are going like "Hot Cakes" so your dream home may not be available for long!!!
With this program, your down payment amount is $0.00. Yes, this is For Real! However, this doesn't mean that there wouldn't be other costs & fees. You have the Mortgage Side which is no down payment but then you have the Real Estate side. View below to get a better understanding.
EARNEST MONEY DEPOSIT:
On the Real Estate side, when you find a property, an agreement of sale is signed by you and the Seller. Now the property will be "Pending" and you have to pay a Earnest Money Deposit to take the property off the market meaning no one else can view the property as its under contract.
The Earnest Money Deposit amount is $500 for properties under $50,000 and $1,000 for properties over $50,000 and this is paid to either the Title Company or the Listing Agent. PhoneOps does not collect these funds from you. Your Earnest Money Deposit will go towards your closing cost at settlement.
When you have settlement, there are fees associated with closing. The Title Company has fees to prepare for closing, there are transfer fees, recording fees, mortgage doc fees, deed doc fees, intangible fees, other Title Company fees and Lender fees. All these fees are collected at closing. It can range from $1,500 to $7,000+ depending on the sale's price and the state the property is in.
Most Lenders charge anywhere between $500 to $1,000 in fees so that's not that bad. To get an idea of what Title Companies charge, go to: First American Website
, click "All Fees"
, put in the basic information and click next. This is just to have an idea of what the Title Company will charge on top of what the Lender will charge. As a reminder, you will not have a down payment and your "Earnest Money Deposit"
will go towards your closing cost.
You may also get up to 6% of the Sale's price to go towards your closing cost. Your assigned Realtor will negotiate back and forth with the Listing Agent to get assistance for you on your behalf so this is a PLUS for you. Example: Say the property you want is $50,000, 6% of $50,000 is $3,000. This extra money will definitely help you with closing cost so the Realtor that we will assign you to will work hard getting these additional funds for you.
Guidelines: This program has specific guidelines. View below:
Must have income
(paystubs, SSI, ect)
PhoneOps must pull your Tri-Merge Credit, No Exceptions As low as 550+ FICO
(Case by Case)
for this program
Must have Earnest
* Must be able to show proof of income
* Application Fee
* A Tri-Merge Credit Report fee of $45
* A valid Driver's License or State ID
* Must have a Checking Account
* A Social Security number
We are extremely busy with our awesome program so our time is limited. Only complete the online application if you are really serious in our "100% Financing Program" and ready to move forward after completion. Once your application has been submitted, you'll be re-directed to our "Check List Page". There you'll download the 100% Financing Check List and start uploading your documents to our site. We'll work hard in getting you pre-approved and scheduled for showing in a timely manner.
"100% Financing Program" Online Application