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Old 08-02-2008, 09:15 AM
 
139 posts, read 429,811 times
Reputation: 66

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any others ?
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Old 08-02-2008, 10:13 PM
 
126 posts, read 625,799 times
Reputation: 79
for USDA you cannot currently own another home
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Old 08-04-2008, 07:58 AM
 
4,542 posts, read 11,542,319 times
Reputation: 3063
Quote:
Originally Posted by C5Aprea View Post
any others ?
Basically 100% financing is gone.
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Old 08-06-2008, 03:01 PM
 
Location: Katy, TX
70 posts, read 303,366 times
Reputation: 29
Default 100% Loans

The only 100% loan that I know of right now is the VA home loan.
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Old 08-06-2008, 07:25 PM
 
Location: Washington, DC
351 posts, read 431,114 times
Reputation: 70
Quote:
Originally Posted by c5aprea View Post
any others ?
naca
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Old 08-06-2008, 10:28 PM
 
Location: Norcross GA
983 posts, read 4,025,992 times
Reputation: 461
True on the VA, I just closed two VA buyers with zero down payment and have another in escrow. It is amazing to me how easy the VA process has become nowadays!
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Old 08-07-2008, 08:59 AM
 
Location: Kentucky
1,090 posts, read 1,952,375 times
Reputation: 607
We're currently going through USDA Rural Development's Direct program. We started the application process July 15th and are still waiting for our final yes or no.
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Old 08-07-2008, 09:45 AM
 
Location: Sugar Land, TX, USA
759 posts, read 2,837,204 times
Reputation: 232
This may not be for everyone, but Bank Of America does 100% loans for Physicians...but before you jump on this, there are several catches.. their rates are alway about a 1/4 point higher than the average, They have an upfront fee, and they do charge you a 1/4 point upfront to NOT have an Escrow account.
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Old 08-07-2008, 11:11 AM
 
Location: Cary, NC
1,036 posts, read 3,627,137 times
Reputation: 503
Quote:
Originally Posted by icon7 View Post
This may not be for everyone, but Bank Of America does 100% loans for Physicians...but before you jump on this, there are several catches.. their rates are alway about a 1/4 point higher than the average, They have an upfront fee, and they do charge you a 1/4 point upfront to NOT have an Escrow account.

Was this recently? I thought they had changed it to 97% max on the program, like the other "my community" variations.
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Old 08-07-2008, 09:57 PM
 
Location: Sugar Land, TX, USA
759 posts, read 2,837,204 times
Reputation: 232
It is recent.
We still get fliers in the mail, 100% for up to $1M with no PMI.

Quote:
Originally Posted by rcarrillo View Post
Was this recently? I thought they had changed it to 97% max on the program, like the other "my community" variations.
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