No Money Down

As home prices continue to climb, borrowers increasingly turn to 100-percent financing - especially home loans that sidestep the need for mortgage insurance. One such loan we offer is known as the 80-20 mortgage. The homebuyer actually takes out two loans -- the first for 80 percent of the purchase price, and the second for 20 percent of the home's price. The borrower is expected to come up with the closing costs. LMC also offers many other "No Money Down" mortgages including FHA Nehemiah and VA loans.

These 100% financing mortgages are targeted at hard-working people who feel stuck on the rent treadmill. They can afford monthly rent that costs roughly the same as a house payment, but after they pay their monthly bills, they can't save much money towards a down payment. Many Americans watch home prices rising faster than their incomes and feel that they're falling further behind with each month that they rent.

Langdon Mortgage has helped many clients leave the "rent treadmill" behind for the stability of home ownership. Visit our Learning Center for helpful information about the loan process, credit basics and frequently asked questions.

If you have questions regarding No Money Down Mortgages, the loan process, interest rates or Langdon Mortgage, call us or complete our FREE Mortgage Consultation or Contact Us forms. Apply online by completing our Quick Loan Application or call us locally (317.844.2250) or toll-free (866.844.2250) to apply over the phone. If you prefer, one of our Mortgage Consultants will gladly meet you in our office or at a convenient time and place of your choosing.