Well, if you have military service & are eligible for a VA loan, you could have the Seller pay closing costs & get 100% financing. Your real estate agent will negotiate with the seller to include your closing costs. Also, with a VA loan, if you have enough equity in the property based on the appraisal, you can finance the closing costs into your loan.
You can do the same this with a USDA loan, as well, however, USDA loans are specific to certain geographic locations. Here is a link to the USDA map, showing the areas where homes are eligible for USDA loans: http://eligibility.sc.egov.usda.gov/eligibility/welcomeActio
Once you get there, look to the left on your screen & click "Single Family Housing" under "Program Eligibility" Programs.
Please feel free to contact me directly if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required), HARP 2.0 - No Appraisal Required for Refinance for Underwater Home Values, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!