Find a lender you trust: http://fhamortgageinfo.com/second-home-loan/
Those are not silent seconds. Those are FHA approved Home Buyer Assistance program seconds.
A silent second is a second that the first lender is not aware of occurring.
A silent second is terms for calling the note on any purchase money first if it is not disclosed to the lender.
FHA allows for CHDAP and down payment assistant seconds.
Any lender that encourages a silent second is assisting you in activity that could result in calling your note due.
What is best, look into down payment assistance programs.
Your down payment must be documented.
When the person who is lending you the down payment gives it to you, they will need to sign a letter that states that the money is a gift a no repayment is necessary.
If you get a 2nd, you will be destroying that ratio.
Can you get that 2nd without anyone looking at your Credit Report?
Think about that.
And another thought: Having ZERO equity in your home is exactly the thing that got millions of homeowners into the trouble that ended up in Foreclosure.
Good luck and may God bless
if you don't have a lender you trust, call Chris Stahl at Summit Funding (916) 768-8000.