Can a buyer still get 100% Financing on a home in the South Bay Beach Cities?

Asked by Kaye Thomas, Manhattan Beach, CA Sat May 12, 2007

I have a client who makes a lot of money but has little saved for a down payment. Can he still finance a $700,000 property with no money down?

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California M…, Agent, Oceanside, CA
Sat May 12, 2007
BEST ANSWER
The 100% financing loans are available up to $1 million. It's the stated income, 100% loans that have gone awry (as they well should have). lending is a blend of analysis of credit, ability to repay and downpayment. If you have a buyer who has good credit and income, the 100% loan should be no problem
Web Reference:  http://brian-brady.com
2 votes
Mikhail Shto…, , San Francisco, CA
Thu May 24, 2007
100% is available both full docs, and stated income. Let me know if need help funding this loan.

Mikhail
650-740-7997
mnikitin@amxloans.com
Web Reference:  http://www.amxloans.com
1 vote
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