loanDepot Unveils Innovative "accessZERO" Initiative to Revolutionize Homeownership

loanDepot, Inc. (LDI), a leader in the mortgage industry, has introduced its groundbreaking "accessZERO" program, aimed at enhancing the accessibility of homeownership for prospective homebuyers facing the challenges of traditional down payment requirements, soaring interest rates, and escalating home prices. In a climate where concerns about affordability are chipping away at consumers' purchasing power, accessZERO emerges as a potent solution that provides financial flexibility, offering an alternative to one of the major impediments to homeownership.

The "accessZERO" program is now available across the nation, encompassing FHA purchase mortgages, and extends a helping hand by providing up to five percent in down payment assistance, structured as a 10-year fully amortized repayable second mortgage. This initiative is inclusive, catering to both first-time and repeat homebuyers, provided they meet the specified criteria for minimum credit scores and debt-to-income (DTI) ratios.

LDI Mortgage President, Jeff Walsh, expressed, "As we continue to explore innovative avenues for our customers to navigate the challenges of today's housing market, accessZERO emerges as a solution to a significant obstacle. It particularly addresses the plight of first-time buyers who wrestle with the daunting task of accumulating higher down payments amidst the relentless rise in housing costs."

Complementing the "accessZERO" program and its suite of offerings aimed at enhancing housing affordability, loanDepot provides a comprehensive range of digital tools tailored to assist first-time buyers at every step of their home-buying journey.

To acquire more information about the accessZERO program and initiate your loan application, please don't hesitate to contact or visit a local loanDepot branch in your vicinity.