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Broker Bryant exposes the secret to his success!!
Contrary to popular belief 100% financing is still alive and well. I had a closing yesterday on one of my listings in Dundee Fl. It wasn't easy and it took 71 days to get ‘er done but we did. This was one of my listings and I was also able to help the buyers. Very nice folks on both sides of the transaction. It was a deal where the Buyer walked away from the closing with keys to their new house and a check for $500!
Yep.....that's right. They bought a house and got a check. So 100% financing is certainly alive and well. This was a very difficult deal due to the fact that the Buyer had no credit score, no credit cards, no car payment and her utilities were included in her rent so she didn't even have utility payments in order to build credit. In fact, the only "credit" line the mortgage broker was able to use was a judgment that the buyer had been paying on for the last couple of years.
However, the Buyer does have a good paying job and had no debt. So thank goodness for FHA and Ameridream. The Seller was able to gift ... more

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