Hi Katie...none that I'm aware of! There is a program USDA~ Rural housing that is a 100% financing program~ however there are income limits to qualify. VA (Veterans Administration) financing is available if you are eligible.
I'd recommend that you contact a local bank or mortgage broker. They'll help you pick the best program for you! Feel free to contact me at 574-269-0657 and I'd be happy to make some recommendations for you!... more
I've seen the same thing in my state. I have a buyer ready to make an offer and you can't even get the agent to provide the information for the listing. "Too much trouble for me," the agent said.
An ethical agent does his/her best to move the property as quickly as possible. A bank was selling the property. The agent may feel justified. But it makes a bad impression on the buyer. And, of course, without the requested information, the buyer goes onto the next property.... more
Seller financing such as land contracts or lease options are pretty hard to come by. Sellers need to own the house outright or in many cases they are violating the terms of their existing mortgage. There are options to assist buyers in purchasing and believe it or not some 100% financing programs still exist. I work with a few lenders who are specialist's in working with those with less than perfect credit and would be happy to put you in touch with them. The programs they offer are designed to assist buyers like yourself!... more
Michelle... Erik's answer hits the nail on the head. The only addition I'd make is to discuss your concerns with your agent and the home inspector who completed the inspection and then make a decision! Good Luck!... more
Dan...the answer to your question is that it depends! Location and condition play a significant role in the market value of a property. Our marketplace hasn't seen the declines advertised in the national media, however we have seen a slowing in appreciation. Considering an average home in good condition home values today would be the equivalent to 06/07 values. Assuming 3% average appreciation and recent market fluctuation a home priced at $150,000 in 04 would market at approximately $155-$160K today. Hope that answers your question!... more