Rent Buster Loan Program
The American Dream
Ohio Valley Bank's Rent Buster Loan Program is designed to allow individuals, with a good credit history, to purchase a home with NO MONEY DOWN. Pay no more rent! That's right, we will loan you 100% of the money you need to purchase a new home. The Rent Buster program is no affiliated with any government entities. This means less paperwork and faster service for you, the home buyer.
- NO DOWN PAYMENT REQUIRED
- Maximum loan amount = $150,000.00
- Fixed or adjustable interest rates
- No governmental red tape
- Minimal closing costs
- Fast loan decisions
- No income limitations
There are no income limitations. Rent Buster loans pertain to owner-occupied residential property only. Applicant must not be a current homeowner. Applicant must escrow homeowners insurance, real estate taxes, and flood insurance, if applicable.
- Home must be structurally sound, adequate, and in good repair
- Plumbing, heating, water, waste disposal, and electricity must be inspected to ensure all are functioning properly
- Must be a single-family residence. No income-producing properties permitted
- Modulars and Randall type homes will be considered as long as they are already set up on a permanent foundation
- Home inspection required
*Property Insurance is required. Rent Buster Loan Program is subject to credit approval.