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 aladysiren
Joined: 10 May 2007
Posts: 22
8.78 Dollars($)
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 Posted: Mon May 14, 2007 4:02 pm Post subject: 100% Financing and no Downpayment |
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| Hi to all i was watching those buying my first home shows on cable and one of the buyer qualified for this particular situation is that real or just TV please elaborate. |
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colin
Moderator
Joined: 30 Jun 2006
Posts: 602
Location: Waltham, Massachusetts
112.61 Dollars($)
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| Posted: Mon May 14, 2007 4:06 pm Post subject: |
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Hi Aladysiren,
100% financing is available, like fannie mae mycommunitymortgage is one such loan and fha loans have only 3% down payment requirement.
Colin |
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blue
Joined: 21 Oct 2005
Posts: 1138
Location: MARYLAND
137.59 Dollars($)
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| Posted: Mon May 14, 2007 4:16 pm Post subject: |
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Hi Siren,
Welcome to Mortgagefit discussion board.
I know of cofedbank.com/ which have such no down and no pmi loans, you can check them also to know if you would qualify. This is their no. 1-888-496-8561
Do let me know if you have any other questions about such type of loans.
Thanks
Blue |
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olivieryr6ry3
Guest
0.10 Dollars($)
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| Posted: Mon May 14, 2007 4:53 pm Post subject: |
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no downpayment mortgage are available but you need to look carefully at the offers first. If it is a single mortgage or a combination of 2 mortgages making it 100% finance.
check out the requirements you need to fulfill for these programs -
hud.gov/offices/hsg/sfh/ins/sfh203b.cfm
efanniemae.com/sf/mortgageproducts/mcm/
bankofamerica.com/loansandhomes/index.cfm?template=lc_mortgage
wachovia.com/personal/page/0,,325_492_561,00.html |
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mld
Guest
0.10 Dollars($)
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| Posted: Mon May 14, 2007 5:06 pm Post subject: |
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| colin mentioned fannie mae and fha loans, to that I will add that fha mortgages have limits ie the loan amount cannot be more than what is set for your area and for mycommunitymortgage there are household income limits. |
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Guest
0.10 Dollars($)
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| Posted: Mon May 14, 2007 5:35 pm Post subject: |
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Thanks for all the information given i will definitely have to do research and thanks for the sites 
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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carnahandavid
Joined: 21 Dec 2006
Posts: 239
58.40 Dollars($)
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| Posted: Mon May 14, 2007 5:40 pm Post subject: |
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| Quote: | | Hi to all i was watching those buying my first home shows on cable and one of the buyer qualified for this particular situation is that real or just TV please elaborate. |
What price range are you looking to buy the house in aladysiren and can you provide some other details like your present income, total monthly debt payments. That way we will be able to give more inputs on what option would be more suitable for you.
David |
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joe
Joined: 14 May 2007
Posts: 1
Location: California
1.39 Dollars($)
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| Posted: Mon May 14, 2007 6:23 pm Post subject: 100% Financing with No Downpayment is Real |
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If your credit score is fair or better, 100% financing is still available. By contacting a mortgage professional and reviewing your credit situation, they should be able to help you determine if you can qualify for this type of mortgage program.
[Promotional text removed - Caron] |
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garfield
Guest
0.10 Dollars($)
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| Posted: Tue May 15, 2007 12:51 am Post subject: |
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Hi Joe,
Are you a mortgage professional? well, i am interested to share my situation with a professional. think i need to get some good mortgage advice. i really need coming out of the situation i am in.  |
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colin
Moderator
Joined: 30 Jun 2006
Posts: 602
Location: Waltham, Massachusetts
112.61 Dollars($)
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| Posted: Wed May 16, 2007 3:12 pm Post subject: |
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Tell us about your problem Garfield. May be we will be able to provide you with some help. Are you not able to afford the payments?
Colin |
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