Any traditional bank is not going to offer 100% financing. There may be some local credit unions who may as they tend to hold their loans in house and do not have to worry about the loan meeting FHA standards.
I would stronly advise you to save up some money and not look to buy a home with 100% financing even if you can find someone who offers it. Finally foreclosures are rarely the deal most buyers think they are. I encourage you to read a recent blog I posted here on Trulia about Foreclosure sales.
I've worked with Greenwood credit union in the past year with two of my clients. They were able to get a loan through RI housing who also allowed them to get a personal loan for there 3.5 percent they would need to put down. So in this case, they did allow 100% financing. If I can be of any assistance, please do not hesitate to contact me at your convenience.
Reliable Realty Group
Cumberland RI 02864
The Neighborhood Stabilization Program is available for certain foreclosures in Warwick. This program provides a 20% down payment for qualified first time buyers purchasing foreclosed homes in approved areas. If you would like more information contact me at firstname.lastname@example.org.
Thanks for the question!
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer