Financing in Texas>Question Details

Calallen, Home Owner in Texas

state of Texas. Looking for creative ways for 100% financing, single family dwelling. Price $135,000, appraisal value $200,000. Local banks ,

Asked by Calallen, Texas Wed Mar 14, 2012

mortgage company's offering 75% financing. state of Texas. Looking for creative ways for 100% financing, single family dwelling. Price $135,000, appraisal value $200,000. Local banks , mortgage company's offering 75% financing.
Mark
Mark

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Maybe USDA ....maybe VA...maybe hard money....

Another alternative is to pay cash and do HELOC if you plan to live in it.

Send me an email and tell me a little more about the home, what your goal is, etc.
It may depend on if you will use it for investment or to live in.

Also where is the home.
0 votes Thank Flag Link Wed Mar 14, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
If the property is located in an eligible area, the USDA is the only true 100% financing plan (other than the VA loan). The next lowest acquisition option will be FHA, with 3.5% down. Can you give us an address to check the USDA? Or follow this link: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

These are for primary residence borrowers only.

Can you give us more information? If not, have your Realtor refer you to a licensed mortgage loan officer. Skip the banks for now as they are too conservative. IMHO

Barbara Coker
NMLS# 228545
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas
Web Reference: http://www.thecokerteam.com
0 votes Thank Flag Link Wed Mar 14, 2012
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