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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, 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 not affiliated with any government entities. This means less paperwork and faster service for you, the home buyer. 

FEATURES:

  • NO DOWN PAYMENT REQUIRED
  • Maximum loan amount = $150,000.00
  • Fixed or adjustable interest rates
  • Maximum term of fixed rate loan = 15 years
  • Maximum term of adjustable rate loan = 30 years
  • 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 REQUIREMENTS:

  1. Home must be structurally sound, adequate, and in good repair
  2. Plumbing, heating, water, waste disposal, and electricity must be inspected to ensure all are functioning properly
  3. Must be a single-family residence. No income producing properties permitted
  4. Modulars and Randall type homes will be considered as long as they are already set up on a permanent foundation
  5. Home inspection required

*Property Insurance is required. Rent Buster Loan Program is subject to credit approval.