I think you ask an excellent question, and your situation is more common than what you may think. Although lenders are becoming much more conservative on 100% financing, the previous agent offered very good advice with the HUD approved Down Payment assistance program.
You should contact a very reputable lender with experience with these programs to assist you. In fact, you may have other options available without needing these programs, and a good lender can help you with those options.
I have an excellent network of professionals that have helped my clients with the very same issue you are asking about. Please do not hesitate to contact me at http://Www.TampaHomeWiz.com if I may help you with a referral!
"Uncompromising Excellence in Real Estate Service"
Keller Williams South Tampa
(813) 875-3700 ext 288
I have recently worked with atleast 2 builders in The New Tampa area who are willing to assist with down payment assistance programs. In fact 2 days ago the buyer went forward with the purchase on an inventory home around 200K and provided approximately $6,000. Builder are eager to sell their homes and have the cash to assist with the programs. If you have more questions about builder who can or are willing to do this drop me a line at NewHomesMichael@Aol.com and I would be happy to help any way I can.