Zillow Advice: Mortgage Rates - I'm a first time homebuyer with excellent credit looking for 100% financing loan. http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ Zillow Advice | Zillow Real Estate There are several options ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ There are several options depending on several limiting factors. &nbsp;They include VA &nbsp;( must be a veteran ); USDA ( tied to the address of the home, if the home is in the USDA approved area then there is USDA 100% financing on this home) ; SECU ( State Employees Credit Union and other Credit Unions offer 100% financing. &nbsp;There may be a higher interest rate but may be worth it for you to get the 100%. Also, you must be a member to qualify. This may simply require a $25.00 account with the lending institution). &nbsp;To find out about these and more, please contact me so I can direct you to a Lender who can further answer your questions. &nbsp;<br/><br/> Fri, 03 Aug 2012 13:40:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2012-08-03T13:40:00Z &nbsp;I would like to send ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ &nbsp;I would like to send you a link to my favorite lender Angel <a href="mailto:angell@hometeam-lending.com" rel="nofollow">angell@hometeam-lending.com</a>&nbsp; she is very good!<br/><br/>Let me know if I can help you any further.&nbsp; Nancy Sell Tue, 17 Jul 2012 00:14:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2012-07-17T00:14:00Z Click my pic if you have ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ Click my pic if you have any specific questions. Tue, 15 Jun 2010 18:12:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-06-15T18:12:00Z Hi mib1434,There are a few ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ <p class="MsoNormal">Hi mib1434,<br/>There are a few 100% financing programs and options&nbsp;available.<br/>The USDA program does not have mortgage insurance and also has additional benefits.<br/>The 30 year fixed rate for USDA is currently 5.0% with 0 points, and 4.75% with 1% origination.<br/>I would be happy to discuss all financing options, programs and answer any additional questions.&nbsp; [contact info removed by moderator]<br/>Thank you.</p> Sun, 06 Jun 2010 09:11:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-06-06T09:11:00Z Wow, you must have espn since&nbsp;you ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ <p>Wow, you must have espn since&nbsp;you already know the address qualifies for a&nbsp;USDA loan&nbsp;and that&nbsp;mib does not make too much money.</p> Mon, 17 May 2010 22:06:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-05-17T22:06:00Z Three words: Guaranteed Rural ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ <p>Three words: Guaranteed Rural Housing. CHeck it out on usda.gov.<br/><br/>-Real Social</p> Mon, 17 May 2010 21:21:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-05-17T21:21:00Z You can get a fixed rate ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ <strong>You can get a fixed rate for what they are quotiing you for an ARM<br/></strong><br/>@Rosemarie, so your friend at Fairway will give&nbsp;them a 100% loan and no MI on a fixed rate? Mon, 17 May 2010 18:49:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-05-17T18:49:00Z If you are going to use an ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ If you are going to use an ARM, lenders are now qualifying on the end rate, so make sure the rate will lock in at a favorable one for the remainder of the 30 year term. I never suggest using an ARM, especially in today's market. A fixed rate may be a little more difficult to afford, but it will benefit you in the long run. You can get a fixed rate for what they are quotiing you for an ARM. Call Lael Laster at Fairway Independent Mortgage at 704-506-9548, she will give you all the details. Mon, 17 May 2010 18:22:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-05-17T18:22:00Z If you are buying for the ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ If you are buying for the first time and might consider staying for a while in this new home, I suggest you go with a fixed interest rate 30 year or 15 year since the economy is not strong right now and interest might go up in the future. I would play safer and go for&nbsp;the best &nbsp;fixed rate long term you can get. Sat, 15 May 2010 04:32:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-05-15T04:32:00Z Not the best for excellent ... http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ Not the best for excellent credit.<br/><br/>I've seen as low as 2.99% on ARMs. And fixed rates under 3.875%. With as little as 3 percent down. <br/><br/>And there are down payment assistance programs in NC for First Time Homebuyers at ZERO PERCENT INTEREST for the down payment!!! From the North Carolina Housing Finance Agency.<br/><br/>And some Credit Unions are offering 100-percent financing up to $650k. A client recently got a FIXED 30 Year at 5.125 with NO PMI, No orig., etc. Sat, 15 May 2010 04:25:00 GMT http://www.zillow.com/advice-thread/I%27m-a-first-time-homebuyer-with-excellent-credit-looking-for-100-financing-loan/349728/ 2010-05-15T04:25:00Z