Professional Mortgage Alliances New ‘No Money Down Plus' Loan Program Offers Down payment-free Mortgage and Financing for Closing Costs

"Most often, the biggest reason given for delaying the purchase of a home is the looming down-payment and closing costs," said Oliver P. Maldonado, executive vice president, national consumer lending and sales for American Marketing Consultants a division of Professional Mortgage Alliance. "This product really opens the door up to nearly everyone with a desire to own a home, and makes the goal obtainable ‘now' rather than ‘later' – considering most first-time homebuyers save for months, and even years for the down-payment."
The No Money Down Plus loan program is available for loan amounts up to $322,700 with no minimum loan amount through Professional Mortgage Alliance retail offices. Homebuyers have the option of selecting either a 15- or 30-year fixed loan, or an adjustable rate mortgage (ARM), and must have good credit standing.

Oliver said "the No Money Down Plus loan program is particularly suited for the younger homebuyer who has strong earning potential but has not yet had the opportunity to acquire assets for use toward a down-payment". This product may also be attractive to homebuyers who prefer to keep their assets in higher-return investments.
For more information about the No Money Down Plus loan program and other mortgage products and services, visit Professional Mortgage Alliance on the Internet at www.pmamortgage.com, or call 720-364-1884 for information on the branch in your area.
Based in Highlands Ranch, Colorado, Professional Mortgage Alliance, LLC. is a leading originator of residential mortgages.

For more information contact Oliver Maldonado directly at 720-364-1884




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