BBVA Compass has this great program to help you get into a home with less money out of pocket. It’s not a completely zero out of pocket loan though.
Compass does pay up to $4500 towards closing costs, but they do require $500 from your own funds. There are other items the buyer pays, like inspections, taxes, home owner’s insurance, and pre-paid interest.
Wait! Don’t leave yet! It is possible to structure the contract to ask for seller assistance for some of those fees or even gift money from a relative.
Check out the flyer with more details, including the loan officer info (no sign up necessary):
Buying a home can be scary and overwhelming. I want to make it clear and as smooth as possible. Here’s a free pdf (no sign up necessary) that details the home loan process: You Home Loan Toolkit
I am a real estate agent in Northeast Florida. I can help you navigate through the path to home ownership. There are no stupid or dumb questions, so feel free to reach out to me at pam@pamgraham.com or +1 (904) 910-3516
Here are more articles on the home buying process.
