Zero down financing for first time home buyers at Fox Hollow by KB Home

First time home buyers who have decided that a new home in Murrieta is the best match for their family can now get Zero down financing at Fox Hollow, KB Home’s new home community in Murrieta.
Qualified first time home buyers may eligible for this zero down financing using the USDA home loan program. Unlike most first time home buyer programs which offer down payment assistance, the USDA program is truly Zero down and does not have mortgage insurance, which means significantly lower payments than other first time home buyer loans.Fox Hollow is one of the few new home communities in Murrieta to be able to offer this program because of its location in an unincorporated area of Murrieta and contrary to popular belief first time home buyers don’t have to “walk on water” to qualify.
Like all first time home buyer programs there are certain qualifications:
1. You can’t have owned a home in the last three years
2. You meet the income limits based on family size (a family of 5 can make up to $101,100)
3. You are able to qualify on based on your income and credit for the underlying mortgage (credit scores as low as 580 may be eligible).

For more information contact us or visit Fox Hollow and speak with Robyn Nelson or Manny Crawford, KB Home sales representatives. You can also call them at 951-677-4110..

The USDA home loan program is a great opportunity for first time home buyers who have made the decision that all of the benefits of owning a new home are just what they would like for their family.

Don’t forget to ask Robyn or Manny about the first time home buyer tax credit available at Fox Hollow.