No down payment is required for the company's Zero Down program. Borrowers, however, must have a strong credit history and have one month's mortgage payment to put in reserve. Closing costs can come from a grant, a gift, an installment loan or the seller. The Credit Flex mortgage will give additional flexibility for loan officers to evaluate loan applicants' income, employment and payment history. Borrowers without a credit history can demonstrate credit by documenting that they have paid rent on time for 12 months.
Applicants also can earn a part of their income through part-time or casual employment.