I previously wrote about incredible builder incentive previously on this blog (see here). This incentive program has now spread to two subdivisions with single family homes, three different condos and a townhouse. If you want to know the details about how this program works, check this page on my website. If you want to know specifics, contact me. My services are not only free to you as a buyer; I typically contribute a portion of my commission towards the purchase price of your new home. How much? It depends on what the builder is paying me in commissions. Typically, I contribute 1% to 2% of my commission towards your purchase. Contact me for details.
This is a great opportunity for people who need a year to catch up on debt or just want to get into a home with minimal upfront cash. Keep in mind that even tough there are effectively no payments and zero down for the first year, you will still need money for an earnest deposit. The earnest deposit is money you provide to the builder (usually $2,000 to $5,000, I may be able to negotiate less under some situations) that is held by the title company until your home closes; you submit a check for the earnest money along with the offer. The title company DOES DEPOST your check. Under the zero-zero program you do get this money back at closing so they have typically have your money for only 20 to 30 days.
What else? You have to qualify for the loan. You have to have sufficient income to make the monthly mortgage payments when they come due at the end of the first year. Lastly, you will likely need at least a 620 FICO score.
If you want a new home, zero down and zero payments for one year and you meet the other requirements, they this could be the right deal for you. Contact me today for all the details.
Best regards,
Eric Fernwood
RE/MAX CENTRAL
8400 W. Sahara Ave
Las Vegas NV 89117
Cell: 702-358-8884
Fax: 702-202-2020
Eric@ISellLVHomes.com
www.ISellLVHomes.com
