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!