100% financing CLTV with a seller held second.

LeeMortgage · Joined: 19 Mar 2008 Posts: 2 2.00 Dollars($)

Does any body out there know of any lenders that still will do 100%CLTV financing utilizing a seller held second (example 75 %lender first, 25% seller held second?

Thanks

helping_user

Welcome Lee.

Only a lender participating in the community can give you the right answer as they are into the business. But yes I've heard that most lenders aren't doing 100% CLTV. I think you need to talk to some of the community professionals and then find it out. You may even pm them or wait for a day or 2 and check out what the others have to say here.

Thanks.

charlesarmbruster · Posted: Thu Mar 20, 2008 11:56 am Post subject:

go to 'http://www.scotsmanguide.com/"

This resource is excellent when looking to find niche lenders, both residential and commercial.

[Link deactivated as per the forum rules]

kpatrick · Posted: Thu Mar 20, 2008 1:37 pm Post subject:

Have you considered FHA combined with Down Payment assistance. I have used this multiple times over the past few months and basically am able to get buyers in with as little as $350 out of their pocket. You need a flexible seller though, and if they are willing to hold a 25% second, I think you have your flexible seller! (:

For those of you that aren't familiar with this program, it is the last bastion of the 100% programs for now...

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