I got a great call Friday afternoon from a friend of mine at Prime Lending.  He called to say that they have just released a 100% financing loan.  Zero Down financing.

Reasonable income, Reasonable credit, Owner Occupied Home, no PMI.  It comes in the form of a 95% first mortgage and a 5% second mortgage.

Has anyone else heard this kind of chatter from the lending industry?  Are the banks finally interested in loaning money again?

 

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