Yes! In addition to VA & USDA we have the Wealth Builder Loan
What Is the Wealth Building Loan?
Designed as an equity-creating mortgage option, the Wealth Building Loan requires no down payment and offers offers eligible borrowers a 7-1 Adjustable Rate Mortgage with a 20-year amortization.
Wealth Building Loan Benefits
The Wealth Building Loan eliminates monthly mortgage insurance payments nearly four years sooner than a 30-year conventional loan with a 3 percent down payment. Overall, this loan option helps homebuyers build equity quickly by applying more of their payment to principal and less to interest each month.
Wealth Building Loan Qualifying Factors
A few qualifying factors for this program include:
- Occupancy: Primary residence, owner occupied
- Property type: 1-unit residences, condominiums
- Maximum loan amount: $417,000 (except in certain FHFA High Cost Areas)
- Loan type: 7-1 Adjustable Rate Mortgage with a 20‑year amortization
Learn More About the Wealth Building Loan Application Process
Call or email me today and I will walk you through the Wealth Building Loan application process and answer any questions that may arise. Get started with a pre-qualification!
With adjustable rate mortgages, the interest rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. All loan requests are subject to credit approval as well as specific program requirements and guidelines.