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

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Answers

1
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
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sat Aug 16, 2008
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