Question Details

Al, Home Buyer in San Antonio, TX

My credit score is above 700 & below 720. I have 0 for a down payment . Can I get 100% fin in San Antonio?

Asked by Al, San Antonio, TX Fri Jul 25, 2008

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While it is still around, I would suggest getting a seller paid down payment assistance. Other than that you can do either a USDA rural housing loan o a VA loan if you are a veteran. Any of those 3 options would allow you to get 100% financing.
Please let me know if I can help in any way.
Luke Allison
Flagstar Bank
0 votes Thank Flag Link Fri Jul 25, 2008
WOW bravo on such GREAT credit scores. I am a Texas home mortgage loan officer, 100% financing is "thing of the past". Most lenders will require approx. 3% downpayment - or +. I would recommend talikng with a mortgage broker for options you can determine what you can qualify for a home purchase. The amount determine most likely configure AND ESTIMATE for a dowpayment. You can submit an offer on a home unless lender approval letter attached.
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0 votes Thank Flag Link Fri Jul 25, 2008
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