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no money down.
100%
Financing - 100% loans are typically completed as
either "single loan" mortgages, or as combination
mortgages. In the case of a combination loan, both payments are
usually made to the same lender, which adds the convenience
often found with "single loan" 100's. the main
attribute of a 100% loan is the most obvious. In most cases, the
borrower need only bring a small portion of closing costs to
closing, and no down payment.
Collection
accounts - Even when
granting a 100% loan, MoneyPros allows for open collections in
most cases. Medical collections are widely accepted in most
cases, along with a letter of credit explanation. This makes the
possibility of home ownership greatly more available to the
general public that have experienced some unfortunate
circumstances.
Credit scores
as low as 580 -
MoneyPros offers a great number of its 100% financing options with
the allowance for credit scores as low as 580 (Beacon). Upon receipt
of your application, we will immediately be able to discern your
score and recommend the best possible scenario for your
situation.
No mortgage
insurance required - One
of the unique qualities of MoneyPros' 100% financing options is
that for all credit grades, there is typically no Mortgage
Insurance required. This proves a great asset as it reduces your
payment and increases your annual tax deduction for your home.
Purchase or
refinance - The 100%
options available at MoneyPros are widely provided for both
Purchase and Refinance transactions. Each has it's own special
purpose. While the purchase loan allows for an absence of down
payment, the refinance option grants the borrower access to any
available equity in the property. In most cases, even for a
refinance, both loans are with the same investor and closed
simultaneously.

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