100% Financing (and then some) From A Local Lender


100% Financing (and then some) From A Local Lender
By Scott Rogers • March 9, 2008
A few weeks ago I was lamenting the fact that 100% finance seemed to be sailing out to sea --- never to be available again for first-time buyers (or otherwise). However, just this past week, Debbie Huntley at SunTrust Mortgage informed me of quite a few 100% (plus) financing programs that are indeed still available . . . Lender Paid Mortgage Insurance --- 100% Financing Avoids monthly expense of Mortgage Insurance Lower monthly payments VHDA/FHA/PLUS --- 102.75% Financing Finance 100% of Sales Price plus portion of closing costs Lower Credit Scores Allowed Second Mortgage rate same as first 80/15/5 COMBO Loan Avoid paying Private Mortgage Insurance Lower Monthly Payments 30 Year Fixed rates and ARMS available on second mortgage So, fear not --- even if you don't have a down payment (or even closing costs), if you have good credit and steady income, you are likely to be able to obtain 100% financing after all! Receive Updates by Email Recent Articles: 102 Apartments Proposed On Apple Valley Road 95 New Townhouses Proposed At Massanutten Resort Home Sales Up 15%, Prices Up 12% In 2021 Despite Slightly Slower September Sales If You Are Buying A Home Soon, Consider Starting Your Loan Application Now Will This House Sell For More Than The Asking Price? We Will Not Know How Many Potential Buyers For Your Home Are Waiting In The Wings Until We List Your House For Sale Harrisonburg Area High End Home Sales Booming In 2021 Moving Once Is Hard, But Moving Twice Is Harder The Higher The Price Point Of The Home, The More Important The Layout Of The Home You Finally Found THE House, Now, How To Make An Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Oct 17, 2021 (unless otherwise noted).
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