Real estate blog entries tagged with 100 financing by James R. Gill

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Home : Blogs : James R. Gill : James R. Gill's Blog : Tag "100 financing"

100 financing: 103% financing in today's market?!?!? YES! - 08/28/08 02:04 AM

I am just wrapping up yet another wonderful 100% financing VA LOAN!!!!!
The way a VA Loan works is you pay a "Funding Fee" to the government up front. This Funding Fee is basically a mortgage insurance you pay for up front and then the government insures the loan against forclosure. The VA allows the borrower to roll the Funding Fee into the loan and now we are at 103% financing. Get this: you can even add another $6000 to the loan if you wish to upgrade the appliances to something more efficient! There is no monthly mortgage insurance fee; … (3 comments)

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James R. Gill

Manhattan Beach, CA

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