Financing in Saint Augustine>Question Details

fia310, Home Buyer in Saint Augustine, FL

Is there such a way that your down payment for a house can be added in your with your loan/mortgage? deos any one do 100% financing?

Asked by fia310, Saint Augustine, FL Mon Sep 3, 2012

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4
Ask a local lender about USDA financing options. There are specific criteria and a lender will be able to help you structure your home purchase from start to finish. Good luck!

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
(904)495-0115

http://www.Realty2Reality.com
0 votes Thank Flag Link Sat Sep 8, 2012
As the other agents have stated, USDA financing is 100%. USDA is for "rural" housing, but you would be surprised how many areas of our county that still covers. You would have to qualify and have a certain credit rating, etc but I leave that to the lenders. If you would like the names of some mortgage lenders that provide the financing, please let me know.
Karen Peil
Prudential Network Realty
904-501-3070
0 votes Thank Flag Link Tue Sep 4, 2012
Fia310 there are several options for down payment. I would be glad to go over the options and refer you to a local lender which will provide you step by step info. USDA is one of the options. However, not all of St Augustine is located in USDA approved area.
0 votes Thank Flag Link Mon Sep 3, 2012
There are some 100% financing programs, USDA is one. It has certain criteria that must be met in order to qualify, USDA does make loans on properties in St Augustine.
0 votes Thank Flag Link Mon Sep 3, 2012
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