Yes-at least for now-it IS possible. It IS also available for first time buyers.  If FHA is not an option or you want to contrast it with conventional option, consider this loan.  Interest rates-which change daily and by the minute-were recently advertised at 3.75% for a 5/1 ARM.   Imagine that payment!!

Here are some of the qualifying criteria:

95% financing maximum in one loan

1st Time buyers OK

700 minimum Fico score

Single Family and PUD's ONLY

41% maximum debt ratio

2 months of buyer payment reserves required

Seller CAN pay up to 3% of the closing cost

It this loan sounds interesting, give us a call.  Outside the box thinking gets loans done.  We provide mortgage financing in Minnesota only.   Twin Cities Mortgage broker --Venture Development