Don't call it a Comeback. But NASA and Navy Federal Credit Unions are both offering their members 100% financing. Yes you are reading this right. And no you are not being hypotized. At least I don't think so. Okay anyway both NASA Federal Credit Union and Navy Federal Credit Union are offering members mortgages without requiring any down payment or mortgage insurance. REALLY? NO REALLY.
Is it a good idea to offer this product? With the pent up demand for "Homes for sales in Washington DC" and "DC home values" rising which should hopefully make some DC Homeowners want to take advantage of this booming Real Estate Market by putting their house up for sale,I think it is a good idea to offer this product. 100% financing product such as the "Navy Federal Credit Union Homebuyers Choice" would help first time home buyers who are willing to buy a house but just can't afford the $20,000 down or even 3.5% down payment that a FHA Loan requires. First time home buyers are on a very tight budget so this program will help them save around $2,000 or even more that they can use to either paint the house,buy new furniture,get a new door or do other minor repairs around the house.
And if you are looking to "Search Columbia Heights DC Homes for sale",please click HERE
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