USDA & VA not the only 100-Percent / No Money Down programs

Profile picture for natewolf
Many banks are "portfolio" lending since rates are so low they are not even selling the mortgages. They are offering high loan to values including 100-percent financing!

And for first time homebuyers in North Carolina, there are even down payment programs which lend at ZERO PERCENT INTEREST for the down payment!!! Many clients have used this program with great success. They were even eligible for an additional Tax Credit of $2000 ANNUALLY.... ANNUALLY!!!
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November 16 2010 - Charlotte
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Profile picture for dacolan
Can I get a no doc Option ARM to go with that zero skin in the game $2K/yr subsidy?!

Have we learned nothing from the over leveraging that led to this mess...
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November 16 2010
Profile picture for SteadyState
Bubble here we go again. Who should we thank for this burden on tax payers? The NAR? Why is it that agents are thrilled by public works projects that seek to distort the market and why are such programs not classified as welfare for the REA's?
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November 16 2010
 
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