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: Only About Half of Home Buyers In The City Of Harrisonburg Buy Single Family Homes Two Thirds of Buyers Purchased Single Family Homes Last Year in Harrisonburg, Rockingham County 2021 Year In Review in the Harrisonburg Area Real Estate Market Massanutten Resort Home Sales Up 34%, Prices Up 17% in 2021 111 Affordable Housing Apartments Proposed on Lucy Drive 274 Apartments Plus a Parking Garage Proposed For Regal Cinemas Parking Lot A Few More Ways To Think About Your New Rockingham County Property Assessment Thinking About Home Buying By Examining Past Sales Real Estate Assessments On The Rise, Big Time, In Rockingham County My Predictions for the 2022 Real Estate Market in Harrisonburg and Rockingham County
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 Jan 19, 2022 (unless otherwise noted).
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