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Are there 100% financing loans available?

Are lenders offering decent 100% financing options anymore?  We want to buy, have stable income and decent credit but very little down payment.
  • January 02 2009 - Burlington
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Answers (6)

Hi Sharie -

No need to provide your contact details on your comments. The users can go to your profile page to view your contact details. You may just address the question posted instead.

Thanks.
  • January 05 2009
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VA loans if you are active duty, reservist, retired or are a vet.

USDA Rural Development loans allow up to 102% financing, but the address and type of the property must qualify.

You can do FHA with 3.5% down and use a "silent second" from the state Mass to make up that 3.5%.

In addition, sellers can contribute up to 3% towards closing costs on conventional loans and 6% on FHA and USDA loans.
  • January 04 2009
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If you are a veteran, VA loans offer 100% with no PMI.
  • January 02 2009
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Sharie,

That's Spamming.  Other than what I mentioned what other 100% financing loans are available in MA.

Before you throw out USDA loans...Burlington MA is not eligible.

  • January 02 2009
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megstar,

Yes you can still get 100% financing with qualification, I work with several lenders that are still getting them. Call if you would like help
210-262-7936
  • January 02 2009
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VA 100%

In MA

1. MHFA 97%
2. Homeward Bound 100% Income and credit Score requirements apply
  • January 02 2009
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