🎉 100% FHA Financing is Here! Introducing the TRUE ZERO PLUS Program

Exciting news for homebuyers and real estate agents! We’re now offering a powerful financing solution designed to help more families achieve homeownership without needing to come up with a down payment. It’s called TRUE ZERO PLUS, and it delivers 100% FHA financing — making the dream of owning a home more attainable than ever.

✅ What is TRUE ZERO PLUS?

TRUE ZERO PLUS is an FHA home loan program that provides 100% financing through:

🌟An FHA First Mortgage at 96.5% of the home’s value

🌟A Second Mortgage (Down Payment Assistance) covering the remaining 3.5%

Together, this means you can purchase a home with no down payment.

💸 Truly Zero Out-of-Pocket? YES!

If your agent negotiates a seller concession to cover your closing costs, you could potentially purchase your home with no money out of pocket at all.

That’s:

✅ No down payment

✅ No closing costs

✅ No out-of-pocket costs to move in

💡 How It Works

✅The First Mortgage is a standard 30-year fixed FHA loan.

✅The Second Mortgage (DPA) is a 10-year fully amortized loan at an interest rate 2% higher than the first loan. Monthly payments are required on both.

🏡 Eligible Property Types

This program is available for:

✅Single Family Homes

✅Duplexes (2-units)

✅FHA Approved Condos (not in litigation)

✅Townhomes & PUDs

✅Double-Wide Manufactured Homes (with some pricing adjustments)

🙋 Who’s Eligible?

✅Minimum Credit Score: 600

✅Primary Residence Only (you must move in within 60 days)

✅Manual underwriting allowed with 660+ credit and max 45% DTI

✅Homebuyer education required for at least one borrower

✅No first-time homebuyer requirement

🔍 Sample Loan Scenario – What 100% Financing Looks Like

Let’s walk through an example using the TRUE ZERO PLUS program.

🏠 Purchase Price: $500,000

🌟FHA First Loan (96.5%): $482,500

🌟UFMIP (1.75%) Rolled In: $8,443.75

🌟Total First Loan: $490,943.75

🌟Second Loan (3.5% DPA): $17,500

🌟Total Financing: $508,443.75

💰 Loan Terms

🌟First Loan: $490,943.75 at 7.5% interest, 30-year fixed

🌟Second Loan: $17,500 at 9.5% interest, 10-year term

🌟Estimated Property Taxes: $4,000/year

🌟Estimated Homeowners Insurance: $4,000/year

🌟FHA Mortgage Insurance: 0.55% annually (monthly MIP)

📆 Estimated Monthly Payment Breakdown

✅ If a seller covers your closing costs, this buyer could purchase with zero out-of-pocket expense at closing!

🤝 Why Borrowers & Agents Love It

For Borrowers:

📌Buy a home with no down payment

📌Possibly no closing costs if negotiated

📌Get in your home sooner — no need to wait to save

For Agents:

📌A game-changer for clients short on cash

📌Helps more buyers qualify and move forward

📌Adds serious value to your buyer consultations

📲 Let’s Talk About Your Options!

Whether you're a buyer ready to house hunt or a real estate agent looking to help your clients win, the TRUE ZERO PLUS program can open new doors — literally.

📧 Email: Chris@ManzanoMTG.com

🌐 Website: ManzanoMTG.com

📱Instagram: @ManzanoMovesMiami

Mortgage Disclaimer This is a sample scenario for educational purposes only. Actual interest rates, loan amounts, and payments may vary based on borrower qualifications, market conditions, and lender guidelines. This is not a commitment to lend. All loans are subject to credit and underwriting approval. Property taxes, insurance, and mortgage insurance are estimates and may change. Contact Manzano Mortgage Co. for personalized loan options. Legal Disclaimer The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While every effort is made to ensure the content is accurate and up-to-date, laws and regulations may vary, and individual circumstances differ. For personalized advice, please consult a licensed professional. Manzano Mortgage Co. is not a law firm, and this content should not be considered a substitute for legal advice.