No Downpayment Required -- 100% Financing (only program in today's market that offers this benefit) A 4% Seller Concession is allowed, to pay for certain closing costs (less out of pocket funds required at closing) No PMI (Private Mortgage Insurance) -- although an upfront funding fee is required and can be financed or paid by the seller concession Interest rates similar to FHA rates (yesterday's rates were under 5.50%!) Prospective … (0 comments)
veteran: VA Loans
- 06/03/09 06:37 AM
There is still a way to get 100% mortgage financing! There's just one catch. You need to be US military veteran. If you are, you are in luck. A VA loan is the least expensive way to purchase a home in today's volatile real estate and mortgage environment. You can qualify to borrow up to 100% of the purchase price of the home and, if the appraisal has a higher value than the purchase price, roll in up to 6% of your loan amount to cover closing costs! A VA loan has very competitive pricing for interest rates and does not … (0 comments)
My blogs will contain mortgage-related information, based on my experience, that will hopefully be helpful to anyone looking to purchase a new home or refinance their existing mortgage.
If you're a retired veteran or active military, you are eligible for the best mortgage program on the market today! A VA Loan. Benefits of a VA Loan are:
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