Question Details

Activedutyvet, Home Buyer in Florida

Are there any mortgage loans out there besides VA & FHA that don't require 10% down?

Asked by Activedutyvet, Florida Sun May 10, 2009

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Yes, besides VA and FHA loans, there are conforming loans and USDA loans available for purchases with down payments of less than 10%, although USDA has geographical and income restrictions. Also, there are various special financing programs targeted at certain types of foreclosure properties, including HUD homes and Fannie Mae REOs. We offer down payments of just $100 on FHA loans for certain HUD homes, and we offer down payments of as little as 3% on certain Fannie Mae foreclosures -- with no mortgage insurance! To discuss these and other options, feel free to contact me. James Wheeler, 813-600-3428,
0 votes Thank Flag Link Sun May 10, 2009
yes try USDA Loans if the proiperty is in a certain sector you can get a 100% loan to value loan.
Also there are VA loans too. Hope this helps.
0 votes Thank Flag Link Sun May 10, 2009
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