Question Details

Selma Carr, Home Buyer in 44312

Can I get a bank owned home (REO) with 100% financing....pre-approved but no money down? I'm looking to buy

Asked by Selma Carr, 44312 Sat Aug 16, 2008

in the Green Local Schools area. Thanks, Selma

Help the community by answering this question:


at this pint in the economy 100% or no money down loans have almost all but dried up. there is a 3% down FHA loan available. You should check with your states housing authority, they may offer a loan with close to no money down. there are grants available in combination with an FHA loan to make it a no money down loan, the other consideration is having the seller pay your closing costs, each program will have a limit so please check, usually it is 3% towards closing costs. Your best bet is to contact a trusted lender, not an internet lender and let them find a program for you. Good luck
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0 votes Thank Flag Link Sat Aug 16, 2008
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