The need to put 5, 10, or even 20% down on a home no longer exists. Many mortgage professionals have the ability to offer their customers 100% financing in a variety of ways.

Buying a home has become much easier because mortgages with no down payment required have become much more available in the mortgage market.

Lenders have increased the loan amounts they are willing to lend with no down payment. Some lenders have reduced the credit score required. In addition, some lenders are offering interest-only payments to make qualifying easier.

We offer loans with no down payment required up to $1,400,000 with a credit score as low as 620. We also offer loans with no down payment required up to $700,000 with a credit score as low as 580. Full documentation and stated income loans are available.

If you decide to take a single, 100% loan you may have to have Private Mortgage Insurance. This is usually required when a loan amount is greater than 80% of the homes value. Ask your preferred Mortgage Professional if PMI is right for you.

100% financing programs have brought the reality of owning a home to many people who thought they never could be homeowners.

With natural appreciation the property you purchase will grow in value throughout the years. If you are currently renting, your mortgage payments might be a little higher than what your currently pay in rent. This increase can be off-set by the tax advantages you will receive with owning a home.

Lenders are offering 100% Mortgage Loan programs to more borrowers than ever. These programs let buyers get into homes with little or no savings while also letting homeowners use all of their equity too pay off high interest rate debts. These loan programs let more people enjoy the pride of homeownership.

100% Mortgages are available for cash out refinancing. This may be a useful tool if you want to free the maximum amount of equity trapped in your home. Many people take cash out of their equity for home improvement, college tuition, or to start a new business.
Depending on appreciation in your neighborhood, you may be sitting on a mountain of equity.

You may want to check with your loan officer and ask if you may be able to receive better pricing with the 70/30 combo instead of the 80/20. Any of the combo loans will avoid the mortgage insurance.

100% financing is not only available when you are purchasing a home. It is also available through refinancing or a 2nd mortgage on a home you already own.

You can obtain 100% financing by obtaining a 1st and a 2nd mortgage. This is commonly referred to as an 80/20 loan. One of the main reasons for obtaining this type of 100%, zero money down, financing is to eliminate the need to pay mortgage insurance, or PMI. With this type of financing you are still able to obtain nice low interest rates and avoid the costly premiums associated with mortgage insurance.

With 100% financing, you may end up paying a high interest rate. By splitting the loan into an 80% First Mortgage and a 20% Second Mortgage, you may be able to lower your overall or "blended" rate.