100% Financing

Layton Homes, Inc.
4431 Sunset Ave.
Rocky Mount, NC 27804
252-443-1121

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100% Financing

Loans that require no down payment:

Zero Down Plus

	100% financing for eligible borrowers
	Closing costs, prepaid and mortgage insurance premiums may be financed to a maximum of 3% and a maximum Loan to Value of 103%
	For buyers with good credit
	No maximum income earning restrictions
	15 or 30 year fixed rate programs
	Loans amounts up to $375,000
	Owner occupied only

80/20 Program

	No out of pocket down payment
	Allows for an 80% first mortgage and a 20% second mortgage which serves as the down payment
	No private mortgage insurance
	Build equity faster as buyer pays off second mortgage
	Closing costs may be covered with a slightly higher rate
	15 and 30 year fixed rate programs
	Combined loan amounts up to $500,000

Rural Housing

	No down payment required
	No mortgage insurance
	Sales price + closing costs can be financed up to appraised value
	Seller can contribute up to 6%
	More lenient ratios
	Families at 115% or below median income in rural areas
	Available on 30 year fixed rate program
	Conforming loan limits apply
	Loan amount based on appraised value
	Loan is not limited to first time homebuyers

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