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Company Loan Type APR Est. Pmt.

100% Mortgage Financing

Posted on: 25th May, 2009 09:14 am
what are the prerequisite for 100% Mortgage Financing?
100% Mortgage Financing is a thing of the past. FHA offers a loan program with a down payment of just 3.5% with Interest Rates starting at about 4.875%. i hope this helps...
Posted on: 25th May, 2009 11:11 am
Hi robertsmith,

I agree with James. These days lenders are not ready to give 100% financing. You should provide with 20% down payment at least to get a mortgage. Moreover, in order to get a loan, you need to have a good credit score and income.

Thanks
Posted on: 25th May, 2009 08:49 pm
HI jameshoqq

Is it 80 -20 type of loan structure where you have to pay 20 % down payment ?please confirm?
Posted on: 28th May, 2009 10:29 am
Hi Sunil!

In an 80/20 loan, the home buyer takes out two loans -- the first for 80% of the purchase price, and the second for 20% of the home's price. It is the borrower who has to pay the closing costs. This type of a loan allows people to buy without any kind of down payment.

Sussane
Posted on: 28th May, 2009 10:19 pm
sussane,
both loans from same lender?(80% and 20%)
Posted on: 13th Jun, 2009 11:06 am
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