I'd love to put you in touch with an expert in this area who has done all of these and can help guide you to the best option for you. Please contact me at http://www.randolph-chester-homes.com or at Team-Helene@KW.com or just call: 973.207.9803 and let's talk.
There are other financing programs available for many that require as little as No money down. There are FHA, VA and Rural housing programs. In many of our local areas, the Rural housing program is a great option because you can potentially receive 100% financing and others can even help with your closing costs, including the sellers.
My suggestion is to ask a mortgage specialist or realtor to help with your specific plans. Feel free to contact me directly if you would like some help.
Down The Shore Realty
Ocean City, NJ
Search foreclosures and short sale here: http://www.BuyNJShortSales.com
"Nobody Sells More Real Estate than RE/MAX"
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Larry Sarlo When you want it Sold Fast!
609-868-1171 call / text / email 7 days