Posted on: 14th May, 2007 04:02 pm
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.
Hi Aladysiren,
100% financing is available, like fannie mae mycommunitymortgage is one such loan and fha loans have only 3% down payment requirement.
Colin
100% financing is available, like fannie mae mycommunitymortgage is one such loan and fha loans have only 3% down payment requirement.
Colin
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
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
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
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
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.
Thanks for all the information given i will definitely have to do research and thanks for the sites :)
"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
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
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.
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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. :(
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. :(
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
Colin