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Have it Your Way (Georgia) Featured Image

Have it Your Way

At McKinley Homes we’re letting you have your incentives your way. Select the lifestyle-focused community you want to live in and discover the great deals we have for you on Quick Move-In and To Be Built Homes!

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No Down Payment Home Loan Featured Image

No Down Payment Home Loan

Homeownership is a dream for nearly everyone … and BankSouth Mortgage has a program that may be able to turn it into reality for you. Our No Down Payment Home Loan provides 100% financing. In other words, there is no cash needed for a down payment. No, it’s not too good to be true! Don’t miss this opportunity!

Program details

No Down Payment Home Loan

Flexible financing options designed to help more buyers qualify for homeownership.

Eligibility Requirements
Who can qualify
Credit Score Minimum: 620

This program is designed to make homeownership more accessible, with flexible guidelines for a range of buyers.

Income limit: Up to 160% of the median income in your state or area
No first-time buyer requirement
Eligible properties: Single-family homes, duplexes, and some condos

Loan Structure
2-loan program
Includes a 1st Mortgage + 2nd Mortgage

The program includes two loans based on the lesser of the sales price or appraised value.

Loan Breakdown
1st Mortgage
FHA Loan equal to 96.5%
2nd Mortgage
10-year loan equal to 3.5%

Occupancy & Education
Buyer requirements
Important Program Requirements
Primary residence required: At least one person on the loan must live in the home as their primary residence.
Cosigner allowed: You may have a cosigner who does not live in the home.
Homebuyer education required: One person on the loan must complete a Homebuyer Education class, usually online.

*Equal Housing Lender. BankSouth Mortgage Company LLC. NMLS #690971 is not a bank or other depository institution and is not FDIC-insured. BankSouth Mortgage Company, LLC is a wholly-owned subsidiary of BankSouth NMLS #688851, a federal savings bank and Member FDIC. This is an advertisement.
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We will help answer your questions and get started making your dream of home ownership a reality!

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