Loan Programs for Homebuyers

Make your dream of owning a home a reality


Helping You Achieve the American Dream.

Many Americans have a similiar dream, to own their own home. However, not every homebuyer can meet the standard requirements of most lenders.

We believe that people are more than their credit score. At Hoosier Home Mortgage, homebuyers will find an understanding purchase specialist will work with you every step of the way, from application to the closing of your loan.

No - Down Payment.

For many people, putting 5%, 10% or 20% down on the purchase price of a home just isn't possible. But, because of Hoosier Home Mortgage's "0" down payment loan, this is no longer an obstacle.

How the Hoosier Home Mortgage 80/20
"0" Down Payment Program works:

  • A first lien of 80% of the purchase price. Choose from a fixed or an adjustable rate loan. Then select from a wide range of mortgage lengths: 10, 15, 20, 25 and 30-year terms. There is also an interest-only option.
  • A fixed rate second lien of 20% of the purchase price. The term of this loan can either match the term of the first lien, or you can select from a variety of shorter terms.
  • With 100% purchase price from Hoosier Home Mortgage, you need no down payment.
    Through a seller's concession, seller can pay up to 3% of the closing fee.

Added Benefits:

  • (MI) No Mortgage Insurance payments saves you money every month and may even give you a larger tax deduction*
  • Total loan amounts up to $850,000

Other Purchase Loan Options

Less Than Perfect Credit.

Hoosier Home Mortgage understands the ups and downs of life and the financial impact that may affect your credit score. That's why our purchase loan program is customised to meet your requirements. Even if you have bad credit history, we can get you a home with a home loan you can afford.

Hoosier Home Mortgage also has one loan to 103% ltv if not intersted in a 80/2 loan and 1 day out of bankruptcy also can get 100% loan to value no money down purchase.

Hard To Prove Income.

If you are self employeed and can't provide standard documentation, such as W2s, 1099s, 1040s, Hoosier Home Mortgage offers a full-range of alternative documentation options and stated income loans to help every kind of borrower find the loan that's best for them.

Go Home Shopping with Total Confidence.

The best strategy is to get pre-approved for a loan before you go looking at homes. That way, you’ll be able to know in advance how big your budget is. And by knowing how much home you can afford, you’ll save a lot of time by concentrating only on the homes that you can own.

Prequalify Today
  
* Consult a Tax Advisor. The portion of principal or credit limit exceeding fair market value is not tax deductible.

Hoosier Home Mortgage is an Equal Housing Lender
Copywrite 2006 Hoosier Home Mortgage. Trade/servicemarks are the property of Hoosier Home Mortgage. All rights reserved.