Whether it is your first purchase or 10th, everyone wants to save as much money as possible when buying a house.
Let’s take a look at a super easy to save thousands when buying a house with our exclusive ZeroPlus Discount Program through Keller Mortgage.
On Average, you could save $5,000 to $6,000 on when buying your next house.
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What is ZeroPlus and How Does It Work?
The ZeroPlus is an exclusive lending program offered though the Friday Real Estate Team.
Unlike traditional mortgage lenders, the ZeroPlus program waives all typical lender fees including your Origination Fee, Processing Fee, And Underwriting fee.
Plus, you will also get an additional $1,000 to pay for other closing costs on purchases over $150,000 (and a great low rate too)!
This means working with us can save you a ton of money on your next house!
If you would like, you can start your application by > clicking here <
ZeroPlus VS Traditional Lenders
How does ZeroPlus compare to other mortgage lenders? Well, let’s first look at the fees you can expect to pay when using a mortgage to purchase a house.
There are 3 major fees you can expect:
Origination Fee –
This is a fee charged by most lenders and is used to cover the cost of starting and processing the loan. While this isn’t the same from lender to lender, but the normal rate is 1% – 2% of the sale price of your home.
In other words, if you are purchasing a house for $200,000, the 1% origination fee will be around $2,000.
Now to be fair, not ever lender charges a 1% origination fee, so it pays to do your research.
Processing Fee –
Some lenders also charge a processing fee. This is usually done to help reduce the overall cost of Origination fee.
This is because processing fees are usually a flat rate. So a 1% origination fee plus a $625 Processing fee would save you money over a 2% origination fee (especially on higher priced houses).
Underwriting Fee –
This is a fee charged by… you guessed it, the underwriter.
While you work with a loan officer to get your loan documents together, (s)he, will be presenting these documents to an underwriter who is responsible for actually approving the loan.
I like to think of this person and an emotionless person with no soul sitting in a dark office who only job is to decided if you are worthy of a mortgage and to fund the loan at closing.
This underwriting fee is another flat fee and it typically about $875.
The ZeroPlus Difference?
While most lenders are charging you thousands in fees, our ZeroPlus program waives them.
Plus, you will get an additional credit of $1,000 to cover other 3rd party costs not charged by your lender. This can be used to cover costs like your appraisal or title fees.
Let’s take a look at a few examples:
What Types of Loans are Offered Through ZeroPlus?
So what if you are trying to use a VA loan? Or want to reduce your down payment with a FHA loan?
Well, you have nothing to worry about! Our ZeroPlus program gives you access to:
- Primary, Vacation, and Investment Homes (Residential 1-4 Units)
- Refinancing (cash-out too)
- Conventional Loans – Minimum 3% down payment (All can be a gift for qualified applicants)
- FHA – Minimum 3.5% down payment
- VA – $0 Down payment
- USDA – $0 Down Payment
- Jumbo Loans – up to $3 Million Dollars
Who Qualifies and How Do I Get Started?
Well, here is the good news. All you need to do to qualify for the ZeroPlus Program is work with a Friday Real Estate Agent!
Just click here to start your application.
What If I Don’t Live in Houston?
Don’t worry! We have a network of partner agents all over the country that we trust to give you an exceptional home buying experience!
All you need to do is start your application here.
We will reach out to you after you start you application and help you get connected with an amazing agent who knows your local market.