High Income, 5% down, 630 - 640 Score with rate frustration ! Seeking community advice.Hello,I've scoured this site for months which has helped my knowledge increase tremendously. With that said, I find a home on the Westside of Los Angeles for 800K and was pre approved for the 100% financing with Navy Federal Credit Union for only $600K at **7.1%** and $32K due at closing. I couldn't believe the high rate but the 100% financing was very attractive. My annual income is 200K but like many others (2014 W2 at 120K) but I have only 5% to put down. My credit is mostly due to credit card vs available balance that Ive put on due to family crisis over past year. Ill probably refinance into an installment loan as a single payment. My lease is up July 1 and with a competitive rate, mortgage payments will be slightly higher than my current rent payment which is very doable. Just wondering if there could be anything available for someone like me. Maybe 80/15/5? Low down ARM? Any help would be greatly appreciated. Thank youMay 17 2014 - West Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.