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100% financing

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rumble Guest 0.10 Dollars($)	Posted: Thu Nov 08, 2007 1:27 pm    Post subject: 100% financing does any one know who would allow a 20% seller carry on a jumbo _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 939 140.77 Dollars($)	Posted: Thu Nov 08, 2007 11:47 pm    Post subject: Hello Rumble, Jumbo loans generally require a minimum of 5% down payment. But there are lenders who will approve you without down payment using the seller carry back strategy. If the seller is wiling to carry 20% of the purchase price, some lenders will take this as an instant equity for the buyer and will view the mortgage as having less than 100% ltv. You will have to shop for lenders for a while. There are many lenders in this community who participate in the forums regularly. You may talk yo them and see if it helps.

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