Saving money for a down payment is one of the biggest obstacles in buying a home but with these loan options, we have eliminated that barrier for our members.
At GTE Financial we have multiple loan options for borrowers who are struggling to save money for a down payment. We have a portfolio loan that is a 100% financing where borrowers will still need to bring money for closing costs and prepaid items.
We also have loan options that cover all closing costs and prepaid items. This is one of our most popular loan options as it helps get the borrowers into a home with no money out of pocket.
Some borrowers have money saved for a down payment but choose to use this loan to keep the money in their pocket so they can do minor repairs and updates to the home when they move in.